Vancouver’s Rise People has partnered with wealth management platform OneVest to make personalized wealth management accessible to all employees on the Rise platform.
Having supported thousands of Canadian companies with their HR and Payroll for more than a decade, Rise has unique insight into what employees need to bring their best selves to work, and more specifically which employee benefits and rewards are essential for teams to continue thriving and growing.
To this end, Rise recently introduced comprehensive, cost-effective group benefits plans that can be purchased and managed from within the Rise platform—a first in Canada.
“Offering a financial investment solution is a natural extension of our benefits offerings. It’s the perfect complement to health and dental benefits to create a total wellness experience for employees,” says Faiz Abdulla, CEO at Rise People. “Our aim is to help employees reach their financial goals, whether they’re saving for retirement, their first home, or just for a rainy day.”
As both a group RRSP and individual investment offering, Rise Wealth, powered by OneVest, will allow employees to access a fully integrated financial wellness experience with professionally managed portfolios that can be customized to their unique goals, timelines, and risk sensitivity.
Employees can build wealth, plan for retirement, and save for important lifetime purchases—all within the Rise platform. Employees can also choose portfolio themes to support climate action, or if they wish to have alternative investments.
Earlier this year Calgary’s OneVest raised a $5 million financing round led by Luge Capital for Canada’s first Wealth-as-a-Service (WaaS) platform.
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