Nest Wealth Asset Management Inc., a Toronto, Canada-based online automated financial advisor, raised $1.5m in funding.
Metroland Media Group made the investment.
The company intends to use the funds to bring its solution to more Canadians.
Led by Randy Cass, Founder and CEO, Nest Wealth leverages technology to offer a customized portfolio based on current financial situation, goals and risk tolerance. Clients’ funds are invested in low-cost Exchange Traded Funds (ETFs) and, as the markets fluctuate, Nest Wealth monitors and rebalances the individual portfolios back to the original asset allocation established by the client.
The advisor charges a flat monthly fee for its services.