Agreement with major provider of services to independent dealers represents latest step in growth trajectory
After announcing an agreement with Raymond James in October, d1g1t Inc., the first provider of an enterprise wealth management platform driven by institutional-grade analytics and risk management capabilities, has entered into a partnership with National Bank Independent Network (NBIN).
NBIN will use d1g1t's digital client engagement tools, sophisticated analytics, risk management, modern reporting, and performance management capabilities with a selection of new NBIN clients under the conditions of the collaboration.
As part of NBIN's innovation strategy, the arrangement reaffirms the company's commitment to providing excellent services to Canadian independent wealth management firms.
"We are delighted to team with National Bank Independent Network, the largest provider in Canada of custody, trade execution and brokerage solutions to independent Portfolio Managers and Investment Dealers,” Dr. Dan Rosen, d1g1t's co-Founder and CEO, said. “This partnership not only further validates the unique solutions we provide, but it underscores our ability to empower large financial providers with effective tools that scale and elevate their client engagements."
Independent portfolio managers and investment dealers in Canada rely on NBIN for custody, trade execution, and brokerage services. NBIN is a part of National Bank Financial Inc. that provides services to over 450 independent wealth management businesses in Canada, with more than $300 billion in assets under management.
Patrick Primerano, President of National Bank Independent Network, stated, "We are looking forward to working closely with d1g1t to offer their enterprise wealth management software to independent portfolio managers. This partnership speaks to NBIN's commitment to innovation and will bring greater momentum to the growth of the independent wealth management space in Canada."
In 2021, d1g1t raised $16 million (CAD) in investor funding to fund a variety of growth-enhancing activities. The National Bank of Canada took part in the fundraising round through its corporate venture capital arm, NAventures.
