Advisor Tech Talk: 12/21/21


As advisors gear up for 2022, wealthtech firms are busier than ever with hiring talent, M&A, raising capital, launching mobile apps and charitable giving. 

  • “, the fintech company with a vision for a more generous world, announced that its patent-pending philanthropic platform for DAF 2.0 will be used by Ingalls & Snyder to launch a digital donor-advised fund (DAF) platform, making it among the first RIAs to offer clients custom managed DAF accounts.’s strategic partner GiveClear Foundation will serve as the digital-first DAF sponsor. The offering will be available to Ingalls & Snyder clients in early 2022. Ingalls & Snyder…will implement a white-label version of the platform. This will allow its financial advisors to offer private clients an Ingalls-branded DAF, accessed through the existing Ingalls & Snyder portal.” 
  • Fidelity Institutional: “Fidelity Institutional, the division of Fidelity Investments dedicated to providing technology, solutions and insights to wealth management firms and institutions, announced that Rohit Mahna has been named Head of Client Growth, effective January 2022. Mahna joins Fidelity from Salesforce, where he was SVP and general manager of the company’s Global Financial Services group since 2016. Mahna will lead the Fidelity Institutional Client Relationship Group, comprised of sales and relationship management teams, and will report to Mike Durbin, president of Fidelity Institutional.” Durbin stated, “Rohit joins us at a time when the industry is evolving at an increasingly rapid pace. He brings to Fidelity a unique set of skills at the intersection of finance and technology and knowledge of that space which will benefit all of our clients.” 
  • Onyx Advisor Network: “The Onyx Advisor Network, a comprehensive entrepreneurial support platform for minority-led financial advisory firms, today announced its impending launch in January of 2022. The network is focused on helping historically underrepresented advisors start, scale, and sustain their practices by providing them with a community of like-minded advisors, and access to compliance solutions, custodians, coaching development resources, and several other technology resources – all at a discounted subscription cost.” 
  • Pascal WealthTech: “Pascal WealthTech announced today that it has acquired Living Wealth Media Inc., a digital relationship marketing platform built and designed for wealth advisors, in an all-stock transaction. Living Wealth will continue as a standalone product, with the company’s Managing Director, Ken Blakeley, also serving as EVP, Client Engagement at Pascal. Living Wealth Chair Paul Dinelle will join the Pascal board as a director. Currently in market with InvestorEQ, their behavioral finance tool for financial advisors, and in final development and testing to take its integrated wealth management platform to market in Q1 2022, the Living Wealth acquisition strengthens Pascal’s digital client engagement offering for financial advisors.” 
  • PureFacts Financial Solutions: “PureFacts Financial Solutions announced the closing of CAD $37 million in strategic financing from Canadian Business Growth Fund (CBGF), The Bank of Nova Scotia and Round13 Capital. With this investment, the PureFacts team is excited to progress into its next phase of growth. The funds will be used to accelerate product development and make further strategic acquisitions. A recognized wealthtech leader, PureFacts Financial Solutions provides revenue management and insights-driven wealth accumulation and deaccumulation solutions to the financial services industry.” 
  • SupraFin USA: “SupraFin USA, Inc. has announced that it has released its Android app for the US market. SupraFin hosted a cryptocurrency educational event in Los Angeles on Dec. 12, 2021, where it announced the release of its Android app. Representatives of The Venture Accelerator at UCLA Anderson, among others, attended the event. The release of the android app follows SupraFin’s successful release of its iOS app on Sept. 15, 2021.”