Objectway, a Milan, Italy-based provider of as-a-service software and services to banks, wealth and asset managers, acquired Nest Wealth, a Toronto, Canada-based provider of digital wealth solutions.
The amount of the deal was not disclosed.
By adding Nest Wealth client onboarding and financial planning complementary solutions to Objectway’s capabilities, the Group will enhance its wealth and investment management offering, marketing this to existing and new clients in Canada and the US. In EMEA, the acquisition also provides the opportunity to further expand and enrich the firm’s wealth solutions design model across the value chain to offer digital client onboarding and planning solutions on top of its advisory services, discretionary portfolio management and back-office operations.
Nest Wealth provides digital wealth solutions for onboarding, account opening, and financial planning to some of the largest financial institutions in Canada – including banks, custodians and asset managers – wealth management firms and individual advisors, as well as direct-to-investor investment management services. Clients include half of Canada’s largest six banks as well as National Bank of Canada, National Bank Independent Network, etc.
Led by Luigi Marciano, Founder and Group CEO, Objectway has built partnerships with banks, wealth and asset management firms to empower and scale their business through software and services, enabling financial institutions of all sizes and geographies to seamlessly embark on their digital transformation journey.