Category Archives: FinTech and Alternative Finance

How to Spend Money

Of Dollars and Data | Nick Maggiulli | Dec 3, 2019

spending and shopping - How to Spend MoneyPsychological Tricks for Worry-Free Spending

I want to teach you how to spend money.  You may think that statement sounds ridiculous and say to yourself, “Nick, I don’t need help with spending money.  I’m an expert at that!”  But I’m not talking about how to spend money extravagantly.  I’m talking about how to use your hard-earned cash in a worry-free way.

There have been thousands of personal finance articles written on how to spend money.  Some of these articles emphasize frugality and reducing your expenses, while others focus on growing your income so you don’t have to worry about expenses at all.  But, the problem with many of these approaches is that they are based upon one thing—guilt.

Between Suzie Orman telling you that buying coffee is equivalent to “peeing away $1 million” and Gary Vaynerchuk asking you whether you are working hard enough, mainstream financial advice is built upon sowing doubt around your decision-making.  Should you buy that car?  How about those fancy clothes?  What about a daily latte?  Guilt.  Guilt.  Guilt.

This kind of advice forces you to constantly second guess yourself and creates anxiety around spending money.  And having more money doesn’t necessarily solve this problem either.  A 2017 survey by Spectrem Group found that 20% of investors worth between $5 million and $25 million were concerned about having enough money to make it through retirement.

See:  Managing Finances in a New Startup

But this is no way to live your life.  Yes, money is important, but it shouldn’t alarm you anytime you see a price tag.  If you have ever debated whether you could afford something even when you had sufficient funds, then the problem isn’t you, but the framework that you are using to think about your spending.

What you need is a new way of thinking about how to spend money so that you can make financial decisions without worry.  To do this I recommend two different tips that, when combined, will allow you to spend your money 100% guilt-free.

The 2x Rule

The first tip is what I call “The 2x Rule.”  The 2x Rule works like this:  Anytime I want to splurge on something, I have to take the same amount of money and invest it as well.  So if I wanted to buy a $400 pair of dress shoes, I would also have to buy $400 worth of equities.  This makes me re-evaluate how much I really want something because if I am not willing to save 2x for it, then I don’t buy it.

I like this rule because it removes the psychological guilt associated with binge purchases.  Since I know that my splurging will be accompanied by an equal-sized investment in income-producing assets, I never worry about whether I am spending too much.

And you don’t have to invest the money for The 2x Rule to work effectively either.  For example, you could donate the other half to a charity and have the same guilt-free effect.  Every “extravagant” dollar you spend on yourself could be matched with a “charity” dollar that goes to a worthy cause.  Not only does this allow you to help others, but you won’t feel bad when you spoil yourself.

See:  4 Ways To Finance Your Business Venture

No matter how you decide to use The 2x Rule, this is one simple tip that can help free you from the prison of purchase guilt.

Maximizing Happiness or Fulfillment?

The second tip I use to spend my money worry-free is to focus on maximizing my long-term fulfillment.  Note that I said “fulfillment” and not happiness.  The difference is important.  For example, running a marathon is probably a fulfilling experience though it may not necessarily be a happy one.  The exertion and effort required to complete a marathon does not typically create a sense of moment-to-moment happiness, but it can create a deep sense of accomplishment and fulfillment once the event is over.

This is not to say that happiness doesn’t matter.  Of course it does.  The authors of Happy Money: The Science of Happier Spending found that spending money in the following ways was most likely to increase your overall happiness:

  • Buying experiences
  • Treating yourself (on occasion)
  • Buying extra time
  • Paying upfront (i.e. all-inclusive vacations)
  • Spending on others

However, even these great tips are no panacea.  You can buy the absolute best experiences and allow yourself all the free time in the world, but this does not guarantee that you will be fulfilled.  So what can increase fulfillment?

See:  Black Friday, data concerns, online sales: 5 killer stats

This isn’t an easy question to answer, but the framework proposed by Daniel H. Pink in Drive for understanding human motivation is a great start.  In the book, Pink discusses how autonomy (being self directed), mastery (improving your skills), and purpose (connecting to something bigger than yourself) are the key components to human motivation and satisfaction.  These same categories are also useful filters for deciding how to spend your money.

For example, buying a daily latte may seem unnecessary, unless that latte allows you to perform at your best while at work.  In this instance, the daily latte is enhancing your occupational mastery and would be money well spent.  You can use the same logic to justify purchases that would increase your autonomy or sense of purpose as well.

Ultimately, your money should be used as a tool to create the life that you want.  That’s the point.  The suggestions in this article were merely meant to reduce your anxiety around money, not to tell you where to use it.  The hard part, therefore, isn’t spending your money, but figuring out what you truly want out of life.

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NCFA Jan 2018 resize - How to Spend Money The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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What Attracts Investors to Blockchain Gaming?

Cointelegraph | Anatol Hooper | Dec 5, 2019

blockchain gaming - How to Spend MoneyBlockchain is transforming the financial industry right before our eyes, with many market onlookers anticipating a complete replacement of existing payment, trading and banking infrastructures. Blockchain and finance seem like the perfect match, but there are other sectors, for which the technology may play a game-changing role. For one particular industry, the latter adjective isn’t figurative at all, because blockchain can do just that – change the gaming market. This is a unique chance for investors, and it seems like they don’t want to miss it.

During the last few years, the gaming industry has been pampered with several innovations at once – virtual reality (VR), augmented reality and artificial intelligence. But it is blockchain that can have the greatest contribution, bringing more transparency and trust to the gaming space.

Investors don’t want to be simple observers and are jumping on the blockchain gaming bandwagon. For them, the technology has a disruptive potential that can be converted into profitable deals. Thus, they consider this emerging technology to be a breakthrough in the gaming industry.

See:  Podcast Ep27-Mar 1: Blockchain Gaming and Esports with Shidan Gouran

Transforming gaming at all levels

But how can distributed ledger technology (DLT) help both developers and gamers? Blockchain’s capabilities are limitless in terms of use cases, so there are many ways it can transform the gaming industry:

Blockchain can help developers remove grey market trading of in-game assets

Game developers have designed their games to be closed ecosystems, which ensures that any value inputted into the game cannot be extracted. For instance, players were not able to sell their assets for money, use them in other games or trade them for another game’s assets. This led to the creation of grey markets where players could come together to facilitate these types of activities.

Blockchain technology enables publishers to embed rules into their tokenized assets that enforce a transaction fee upon each transfer of the asset, regardless of where that asset is being sold. As a result, users are free to trade their assets as they see fit, and publishers can continue to generate revenue beyond the primary market.

Blockchain enables projection of value to intangible assets

Everyone realized the close interaction between DLT and gaming when CryptoKitties came out on Ethereum. The game allows players to purchase, breed and trade unique virtual kittens with cryptocurrencies. This collectible game uses so-called non-fungible tokens (NFT) since each digital kitty is unique. So far, players have spent millions of United States dollars for the kitties, with the most expensive one being sold for 600 Ether (ETH) — over $173,000 at the time.

Games like CryptoKitties demonstrate the power of DLT through the tokenization of assets. This ensures that each asset can be proved to be unique or rare; it ensures that users have ownership over their digital assets; and it allows these assets to interoperate with other applications outside of their original ecosystem.

See:  Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties

These features all contribute to a greater perceived value by the user, which increases the propensity to spend real dollars within the app. While CryptoKitties showcased the attributes that DLT could bring to gaming, it failed to create an engaging experience that would entice a wider audience. Next generation blockchain-enabled games, like Epics Digital Collectibles, seamlessly integrate DLT with a consumer-centric, captivating and gamified experience.

Blockchain can help with buying, selling and storing in-gaming assets

With DLT, the issuing and trading of in-game assets reach the next level.

Developers can create games that allow players to buy in-game assets with cryptocurrencies, which makes the process easier, more rapid and secure. Also, cryptocurrencies can address the challenge of microtransactions. However, publishers understand that the average consumer is not ready to make a transaction in cryptocurrencies, and thus, they obfuscate these crypto mechanics behind a familiar fiat payment gateway.

Moreover, developers can create specialized frameworks for digital assets used in games. As mentioned, CryptoKitties was built on Ethereum, but there are already blockchain-based standards focused exclusively on gaming. One such example is dGoods, which is a token framework developed initially for the EOSIO protocol.

Mythical Games is one of the creators and developers that has used dGoods for its in-game assets. The company is set to launch its first game, called Blankos, in 2020. Blankos is projected to be the biggest launch of a blockchain-enabled game to date, accessing the wider gaming communities on PC, console and mobile.

Soon, more developers will begin leveraging digital asset frameworks and will collectively improve the operation of in-game assets.

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NCFA Jan 2018 resize - How to Spend Money The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Embracing the enemy: Canadian banks partnering with fintech firms after once seeing them as rivals

Financial Post | Julius Melnitzer | Dec 5, 2019

fintech and banks mashup - How to Spend MoneyCanadian banks have become 'incubators and accelerators' for tech talent, helping to get new innovations to market more quickly

For all the buzz about the disruption that’s occurring in Canada’s financial services sector, the country ranks a lowly 23 among 27 countries in its market adoption of fintech.

The information appears in an infographic prepared by Fortunly, an online knowledge base and financial product review-website. The charts examine the significant disruption that fintech solutions are causing in the world of finance, including mobile wallets, cash transaction systems, the rise of blockchain currencies and artificial intelligence.

See:  A major UK lender just launched a digital bank to compete with Monzo and Revolut | Interview with Bó CEO

Which is not to say that Canada is standing still. The country’s market adoption rate of fintech stands at 50 per cent, not insignificant but still way behind China and India, leading the pack at 87 per cent. Rounding out the top 10 are Russia and South Africa, Colombia, Peru, Netherlands, Mexico, and Ireland and the United Kingdom.

Canada’s adoption rate, however, is ahead of that in the United States, France and Japan.

Globally, adoption rates have risen from an average of 16 per cent in 2015 to 60 per cent in 2019. But Canadian adoption has rocketed even faster, from 8 per cent in 2015 to the current 50 per cent, which means that we’ve moved from 50 per cent of the world average adoption rate in 2015 to some 83 per cent today.

The Canadian Bankers Association (CBA) declined Financial Post’s request for comments, instead pointing to the technology focus section of its website for information.

“Banks in Canada have a longstanding commitment to technological innovation and in recent years have taken an increasingly active role in supporting the development of financial technologies, whether through in-house initiatives or external partnerships,” the site states.

The key phrase may be “in recent years,” which hints at the formative influence of non-banking startups.

“The fintech phenomena — non-banking companies that provide innovative financial products and services — have successfully responded to customers’ needs that weren’t addressed by traditional banks, forcing well-established financial institutions to adapt to this trend,” said Milana Kostic, a content strategist at Fortunly, in an email.

See:

Indeed, according to Fortunly, a global survey of financial industry leaders in 2017 revealed that 61 per cent believed they would lose 40 per cent of revenue to innovators, with the greatest impact in conducting payments, personal finance and fund transfers.

However that may be, the CBA goes on to say that banks are not only “making significant investments in the digital side of their businesses and in technology writ large,” but “also increasingly finance or partner with fintech companies to help provide access and exposure to innovative products and solutions that benefit customers, while fintech upstarts benefit from having access to capital and a pre-existing client base to help scale their operations.”

The CBA also refers to Canadian banks’ role “as trusted incubators and accelerators in order to stimulate new ideas, tap into high-skilled tech talent and help get innovations to market more rapidly.”

As the CBA sees it, fintech innovation in the banking industry can be categorized in three ways: in-house development of new technologies; technology sourced from or developed in partnership with fintech companies; and banks as tech incubators in collaboration with the fintech community.

The website’s examples lean to the first two categories, with “incubator” activity somewhat less prominent.

See:  Wealthsimple to spin out advisory service into separate company

Among the innovations cited as “in-house” fintech developments are:

  1. Bank of Montreal’s QuickPay solution, which leverages machine learning capabilities to recognize information across a range of corporations and statement formats, enabling customers to email their bills to BMO;
  2. The Canadian Imperial Bank of Commerce offers a SME/mobile app that gives business owners a comprehensive view of their finances and provides financial insights;
  3. Royal Bank of Canada’s Express Track Wire Payment leverages SWIFT’s global payments innovation technology;
  4. Bank of Nova Scotia’s eHOME tool modernizes and digitizes the entire mortgage process in real-time and without personal contact with a mortgage specialist or financial advisor; and
  5. TD Canada Trust has the integrated digital mortgage application.

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NCFA Jan 2018 resize - How to Spend Money The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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How I Raised $1 Million in 30 Days with Equity Crowdfunding

Entrepreneur | Murray Newlands | Dec 3, 2019

equity crowdfunding funding - How to Spend MoneyYou can raise a million, too. Here's how to be successful with equity crowdfunding.

There's an art to raising money for a startup. I recently joined Commerce AI as Chief Strategy Officer, and my role has two main functions: fundraising and marketing. My goal in the first 30 days was to raise a million dollars from crowdfunding. This can be a viable goal for your company as well. Here’s how.

Equity crowdfunding

Under the Jumpstart Our Business Startups (JOBS) act, there are a number of routes to crowdfunding. The starting point is a Form C round, which in essence means you can raise $1.07 million per year -- yes per year -- from non-accredited investors. This means anyone can invest over $250 at a time. This time we worked with accredited investors only but most people will start with a Form C round.

Architecting a New World: Investment Crowdfunding and Digital Assets

This model is like Kickstarter, but you give backers equity rather than a product. The equity can be a convertible note, a safe note or a fixed price round. If your goal is to raise more than $107,000, an independent CPA must review your company's financials for the past two fiscal years, or since incorporation.

Aligning the stars makes millions

You need to make sure that your startup is ready for fundraising. Smart investors on crowdfunding platforms look for a few key factors, and we had some of those.

It is all about the story. Investors want to invest in a company that is going to be a billion-dollar company. Do you have a credible path to becoming a billion-dollar company? For example, our CEO and founder had a successful previous exit. People like to back winners.

A strong team is also important. Ours is comprised of Stanford and MIT PhDs who have been working on AI technology to solve really hard problems.

Initial product/market fit is another thing investors want to see. We already had substantial revenue from major brand name customers like Unilever, Walmart, Rakuten, USPS, Chanel, Midea, Netgear, Cisco, and Coca Cola.

A sales process that’s growing that list of customers is also a big plus. We were nearly at break-even last quarter, which assured our investors that their money is safe with us.

No company can have all the boxes checked. But the more positive signals you have for investors, the better. Investors want as close to a sure thing as possible.

When fintech met crowdfunding

Creating a winning campaign

Several good equity crowdfunding platforms are available, such as StartEngine and Republic. We chose to use SeedInvest.

It’s important to create a convincing writeup and video explaining what you do and why people should invest. You should think of this as a landing that advertises your product, only you’re selling to investors rather than customers.

We focused on selling the opportunity and potential of the company, not the product. You might have an ingenious widget, but will your business become a billion-dollar company? It’s a big market out there, and investors need to be convinced that you’re going to be the winning business.

Pre-seeding the campaign

Because investors like to follow other investors, we pre-seeded a winning funding campaign. How? We had some investors with larger checks lined up to invest in the campaign. This enabled us to show strong initial traction when we launched. It also helps that crowdfunding platforms highlight companies that are gaining traction. This leads to attracting even more investors.

Getting In Early: SEC Sees Growth In Equity Crowdfunding

Always improving

Your campaign is never “done.” We kept working hard on improving our story. As a startup seeking investment, your goal is to sell your company’s potential for future growth. Getting that story absolutely right is very important. You should be practicing, thinking and brainstorming your story with as many people as possible. It should be something you’re always trying to improve.

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NCFA Jan 2018 resize - How to Spend Money The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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NOVACAP officially launches its new financial services fund

Novacap | Release | Dec 3, 2019

Novacap - How to Spend MoneyNovacap is the first private equity firm in Canada to launch a fund dedicated to financial services.

MONTREAL, Dec. 3, 2019 /PRNewswire/ - Novacap, one of Canada's leading private equity firms, announced the introduction of a new sector fund and its first closing. Novacap Financial Services I (the "Fund") gathered initial commitments of C$260 million, a strong start toward its target of C$500 million. A second group of institutional investors is expected to close in Q1 2020.

Driven by strong demand from new and existing investors, the Fund will be managed by three seasoned executives: Marcel Larochelle, as Managing Partner, as well as Rajiv Bahl and Alain Miquelon as Senior Partners. With a dedicated investment team, they will fully leverage Novacap's infrastructure and apply Novacap's proven investment methodology.

Novacap Financial Services I aims to invest in mid-market companies established in North America, with a focus on Canada, with strong growth potential.  Four segments are of particular interest: 1-specialty insurance and distribution, 2-asset and wealth management, 3-alternative lending and 4-financial infrastructure.

The Fund will make equity investments in order to support companies with their organic growth initiatives and to drive strategic acquisitions.

See:  Portag3 Ventures closes $320 million second fund focused on fintech investment

The Fund is backed by commitments from corporate and public pension funds, financial institutions, family offices and high net-worth individuals. "We are extremely pleased with the strong support received from our investors for this first close." said Mr. Marcel Larochelle, Managing Partner of Novacap Financial Services, "This is very timely, as we are currently pursuing some very attractive investment opportunities for the Fund."

"It is a historical event as we are the first private equity firm in Canada to launch a fund dedicated to financial services businesses" said Mr. Pascal Tremblay, President and CEO of Novacap, "The Financial Services fund addresses a significant need in the Canadian market that we have observed over the past few years.  I am very proud of the team that we have assembled, who made this possible."

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NCFA Jan 2018 resize - How to Spend Money The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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[Brookings Institution Event Dec 5]: How to build guardrails for facial recognition technology

Brookings Institution | Dec 4, 2019

facial recognition - How to Spend MoneyFacial recognition technology has raised many questions about privacy, surveillance, and bias. Algorithms can identify faces but do so in ways that threaten privacy and introduce biases. Already, several cities have called for limits on the use of facial recognition by local law enforcement officials. Now, a bipartisan bill introduced in the Senate proposes new guardrails for the use of facial recognition technology by federal law enforcement agencies.

See:  Smart Cities Offer Promises and Concerns Over Privacy

On Thursday, December 5, the Center for Technology Innovation at Brookings will feature Senators Chris Coons (D-Del.) and Mike Lee (R-Utah), who introduced the bipartisan Facial Recognition Technology Warrant Act this past November. The discussion will focus on how placing procedural safeguards on facial recognition technology, such as requiring warrants and limiting the duration of surveillance, can alleviate concerns over security and privacy while encouraging innovation.

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Brookings Institution

Falk Auditorium

1775 Massachusetts Avenue N.W.

Washington, DC

20036

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NCFA Jan 2018 resize - How to Spend Money The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Wealthsimple to spin out advisory service into separate company

Wealthsimple | | Dec 2, 2019

Wealthsimple coin - How to Spend MoneyToronto-based FinTech startup Wealthsimple is separating its direct to consumer and Wealthsimple for Advisors businesses and will transition the advisor-focused offering to a new company, BetaKit has learned.

“We’re currently focused on identifying the right partner to support your business on a future platform.”

Wealthsimple for Advisors is the company’s automated management platform targeted toward financial planners, investment advisors, portfolio managers, and dealers. The company announced the news to separate the entities in an email obtained by BetaKit and sent to clients on Monday.

Wealthsimple plans to announce the move on Tuesday morning. In a statement to BetaKit, the company noted that Wealthsimple for Advisors will transition in the coming months, and is currently looking for partners to support advisors on a new platform.

See:  Wealthsimple launching zero-commission trading platform

“We are at a pivotal stage in our business where we have a very real, very unique, once-in-a-generation opportunity to transform financial services for Canadians,” said Michael Katchen, co-founder and CEO of Wealthsimple, in the statement to BetaKit. “To take full advantage of that opportunity, we need to be laser-focused on delivering transparent, accessible financial services to consumers, both directly and in collaboration with our institutional partners.”

Wealthsimple called the new company a strategic decision to help further its vision of becoming the primary financial institution of its users through a suite of direct to consumers services, as well as institutional partnerships.

The Wealthsimple for Advisors platform allows advisors to streamline client onboarding, account management, and compliance through front- and back-office solutions. The service launched in May 2016. The company said this most recent move allows its advisor platform to focus exclusively on serving financial advisors, which currently consists of hundreds of advisors.

The platform allows the advisor to retain full ownership of the client relationship and allows advisors to set the fee that a client pays, charging up to a 0.35 percent management fee. J-F Courville, who has been heading up the advisor-targeted business since May 2018, will continue to lead Wealthsimple for Advisors as CEO.

See: Wealthsimple Acquires Tax Software Company Simpletax

“Over the past three years, we’ve had the unique opportunity to build a platform to support you as you serve your clients,” the company wrote in the emailed statement. “During this time, we’ve also had the opportunity to learn from you and to see firsthand the incredible value you provide to your clients every day. We believe that there is a tremendous opportunity for technology to enhance your work, and to help transform your business.”

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NCFA Jan 2018 resize - How to Spend Money The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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