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The fintech start-up backed by former JPMorgan executives has raised $4m to launch their platform to attract wealth managers and private banks that are struggling to expand their businesses while also battling with rising costs and regulatory changes.
Six former JPMorgan executives have teamed up to launch a fintech platform that aims to attract wealth managers and private banks that are struggling to expand their businesses while also battling with rising costs and regulatory changes. Vestrata will provide access to investment products, advice, portfolio analytics and risk management services aimed at helping advisers working at wealth managers and private banks to improve client engagement. Mark Le Lievre, co-founder and chief executive of Vestrata, said wealth managers and private banks could no longer rely on rising markets to drive revenue growth but earnings could be boosted by better service standards.
