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Milan-based Objectway Acquired Nest Wealth

Jan 23, 2024 | By Team SR

Milan-based Objectway Acquired Nest Wealth. a Toronto, Canada-based supplier of digital wealth solutions. The deal's total value was not made public.

Milan-based Objectway Acquired Nest Wealth. a Toronto, Canada-based supplier of digital wealth solutions. The deal's total value was not made public.

The Group will enhance its wealth and investment management offering by incorporating Nest Wealth client onboarding and supplementary financial planning products into Objectway's capabilities. This will be offered to both new and current clients in the US and Canada.

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Along with advisory services, discretionary portfolio management, and back-office operations, the acquisition provides the firm the chance to further develop and improve its wealth solutions design model throughout the value chain in EMEA and offer digital client onboarding and planning solutions.

Luigi Marciano, Objectway Founder and Group CEO said, “The Nest Wealth team has built a remarkable digital wealth platform with an eminent client base. We look forward to working with them to maximise our business potential, grounded on our common focus on digital innovation and on the same modular, flexible and “as-a-service” approach, This acquisition marks a significant milestone in our growth and global expansion strategy, enabling us to establish and broaden our market presence in North America and to offer an even more comprehensive range of innovative products and services to existing and new customers in both the EMEA and North American regions in which we operate.”

Affirmed Randy Cass, Nest Wealth Founder and CEO said, “We are thrilled to join the Objectway Group, an innovative and highly respected company with a proven track record in the industry. This will accelerate our expansion across the North American region, and open up additional market opportunities in EMEA. In Objectway, we have found the perfect partner, giving our employees and customers continuity, stability and an exciting future of continuous development to solve their problems ,”.

Nest Wealth offers digital wealth solutions to some of the largest financial companies in Canada, such as banks, custodians, and asset managers, for account opening, onboarding, and financial planning. It also offers direct-to-investor investment management services.

Customers include National Bank of Canada, National Bank Independent Network, and the other half of Canada's top six banks.

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Under the leadership of Group CEO and Founder Luigi Marciano, Objectway has forged alliances with banks, wealth and asset management companies to help them operate and grow their operations through software and services, permitting financial institutions of all shapes and sizes to smoothly begin their digital transformation journeys.

About Objectway

Building on more than 30 years of business and technology expertise, Objectway is an international wealth, banking and asset management software and service provider
empowering clients to embrace their future challenges while providing great performance today.

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About Nest Wealth

Founded in 2014, Nest Wealth began by creating Canada’s first Software as a Service (SaaS) digital wealth management platform, with the goal of increasing investor access to sophisticated wealth management advice.

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