Tag: Retail investing

The evolution of advisory services in the digital age has seen mixed results. The lesson learned is that technology alone isn't a silver bullet.

The EU Retail Investment Strategy has launched an exciting prospect for clients to be at the centre of the European Capital Markets Union, bringing forth the dawn of the digital advice era. This innovation stands to democratise financial advice, making it accessible to a wider audience while recognising the human emotions associated with investing.

When talking about millennials, it is easy to think they are still quite young; however, some of those in the generation are already in their 40s. This is the perfect age for wealth managers to be onboarding them as clients, but have some firms missed the boat?

Digital investing giant eToro has reportedly raised $250m in a funding round that values the brokerage at $3.5bn.

Stash Financial, a beginner investing app, has reportedly closed a $52.6m debt offering, which came from a dozen of investors.

InvestEngine, which aims to bring the ETF investment market to everyone, has closed its crowdfunding campaign on £1.4m.

India-based FinTech platform FinBox has reportedly collected $15m in its Series A, as it gears up for expansion across Southeast Asia.

TikTok inspired investment platform Zeed has secured a £205,000 pre-seed investment to help produce exclusive content.

Free investing and trading app Streetbeat has collected $10m in its seed funding round, which was led by TTV Capital.

Wealth managers typically focus on older people, as that is where the money is. However, young investors hold the wealth of tomorrow and capturing them early will stop them going elsewhere.