Toronto robo-advisor Nest Wealth has found both a strategic partner and capital provider in Metroland Media. Metroland Media has agreed to invest $1.5m of Series Seed financing and will leverage its extensive print and digital properties to help market Nest Wealth’s wealth management product to more Canadians. Canadians can certainly use the help as they pay some of the highest fund fees in the world according to Morningstar’s 2015 Global Fund Investor Experience Study.
The deal will also see Metroland leverage its extensive print and digital properties (including over 100 newspapers) to bring Nest Wealth’s wealth management solution to more Canadians. An online automated financial advisor, Nest Wealth combines the customization of a personal portfolio manager with the convenience, transparency and time-savings of leading edge technology.