Author: BetaKit

Wealthsimple announces partnership, looks to attract high-net-worth investors

Wealthsimple has entered into a partnership with Grayhawk Investment Strategies, an independent wealth management firm, that will see the organizations working together to serve high-net-worth investors.

“A modern advice and service platform leveraging sophisticated technology is fundamental to delivering a great client experience.”
-CEO of Wealthsimple for Advisors

Through the partnership, Wealthsimple for Advisors, the FinTech’s automated management platform for financial planners, investment advisors, portfolio managers, and dealers, will provide Grayhawk’s team with its technology, as well as dealer and advisory services for Grayhawk clients. In return, Wealthsimple will offer Calgary-based Grayhawk’s investment strategies to advisors with high net worth clients through its own platform. According to Wealthsimple, this “strategic alliance will broaden the range of clients who have access to Grayhawk’s institutional-style investments.”

“We are disrupting the way successful famili..

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Eric Arnold started a business to make money for everyone

As part of a regular series powered by Dell Small Business, BetaKit asked business leaders to share their experience starting a business, and how their solution is disrupting an industry.

Planswell is an online platform that helps users build a financial plan in less than five minutes. In the last year and a half, the company has created over 150,000 financial plans for Canadians, proving that financial plans aren’t just reserved for the wealthy.

BetaKit sat down with Planswell CEO Eric Arnold to discuss the importance of financial planning for everyone, and why a company like Planswell couldn’t have existed 10 years ago.

Financial planning is not just for the wealthy
Today, if you search “Financial Plan” on Google, you’ll find a list of blogs trying to define the term and independent financial planners trying to sell you their services. You won’t find the big banks on the first page of results because, presumably, if you have to search “Financial Plan” on Google, you’re not wealthy..

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DisGovr Canada partners with DMZ to enable procurement between government, startups

DisGovr Canada, a platform helping tech companies connect with the government’s public sector, has partnered with Toronto-based accelerator, the DMZ, to bring its quarterly GovTech Summit to Toronto.

The goal of the partnership is to encourage procurement opportunities between government bodies and emerging tech startups.

The goal of the partnership is to enable procurement opportunities between government and up-and-coming innovations. The event will take place October 1, and will feature technology pitches by 12 AI startups. The summit will also feature workshops and breakout sessions to help startups learn how to engage with government for procurement opportunities as well as one-on-one deep dives with public sector representatives, industry professionals, and venture capitalists.

“We are thrilled to hold our next GovTech Summit series in partnership with Ryerson DMZ in Toronto,” said Kevin Tetreault, executive director of DisGovr Canada. “DisGovr Canada’s GovTech Summits, aimed ..

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Wattpad tracks 80 million monthly users, 23 percent increase since 2018

Wattpad has announced that its platform has surpassed 80 million monthly users, which represents a 23 percent increase from 2018. The company reported that the users now spend an average of 22 billion minutes a month reading the platform’s original stories.

“Since day one, our vision has been to entertain and connect the world through stories.”

This milestone is the latest in a year of several global developments for the Toronto-based story-sharing platform, which includes the launch of Wattpad Books, the company’s first direct publishing division, multiple new deals with international studios and brands, and global rollouts for the company’s latest monetization initiatives, Wattpad Premium and Wattpad Paid Stories.

“Wattpad exists because of the talented writers and supportive readers who have helped our community and product grow all over the world,” said Jeanne Lam, general manager of Wattpad. “Since day one, our vision has been to entertain and connect the world through stories..

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Overbond to launch three AI analytics labs in Montreal for R&D in bond pricing

Overbond, a Toronto-founded AI and FinTech startup, is partnering with business school HEC Montreal, Concordia University, and the Institute for Data Valorization (IVADO) to open a series of R&D labs.

“We are pleased that Overbond has chosen Montreal as the home base for this advanced financial AI initiative.”

The R&D Labs initiative will be part of the Fintech Station, an accelerator launched by Finance Montreal, and will also be part of the venture community hub, Espace CDPQ. Overbond stated that the R&D Labs will source one of the deepest vertical data stacks in the world for fixed income capital markets AI modelling, including traditional and alternative data sets.

“Our R&D Labs will be offering to our clients a sandbox environment for rapid prototyping,” said Vuk Magdelinic, Overbond’s CEO. “We will be exposing all advanced models and AI capabilities to reduce development and research costs for our clients by at least 10 times.”

Overbond said the labs will be staffed with mor..

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