Toronto’s d1g1t announced this week that Northern Light Wealth is deploying the Canadian fintech’s institutional-grade enterprise wealth management platform.
Based in Calgary, Northern Light provides investment management, financial planning, and risk management services under the Wealth Concierge brand.
The Alberta institution selected d1g1t to provide a foundation for delivering digitally integrated, compliant, and purpose-driven wealth management experiences.
“Client experience is of the utmost importance to us,” says Northern Light cofounder Garth McIntosh.
According to Macintosh, the firm “knew exactly what we needed to deliver a differentiated client experience,” but needed a tech stack to achieve its vision.
“We were impressed with d1g1t’s user interface, advanced analytics, client portal, and native mobile application,” he said.
D1g1t’s platform will support Northern Light’s daily operations across performance reporting, portfolio management including trading and rebalancing, compliance, billing, and client engagement activities, according to a statement from the firms. It will also function as the firm’s Investment Book of Record.
“We surveyed the market and d1g1t emerged as the clear leader amongst its peer group,” commented Northern cofounder Devan Legare. “We are excited for the future and to have d1g1t as an integral part of our infrastructure.”
Founded in 2016 by Dan Rosen and Philippe Rouanet and Benoit Fleury, d1g1t’s flagship Enterprise Wealth Management Platform is designed to transform the patchwork of legacy systems with integrated software that drives scale and operational efficiencies across the organization.
“Northern Light exemplifies the forward-thinking wealth management firm that understands the value of having the right technology backbone,” remarked Tate Haymond, who serves d1g1t as Chief Revenue Officer. “Our goal is to help Northern Light deliver a differentiating client experience that helps them stand out in a crowded marketplace.”
Other institutions taking advantage of d1g1t’s fintech include Chicago’s Gresham with $9 billion in assets and Victoria’s Burkett Asset Management with $300M, as well as Virgo Digital Asset Management.
In November, the Toronto firm unveiled its Trading Unified Managed Accounts framework, which is designed to reduce the cost and complexity associated with the implementation and management of sophisticated investment strategies that rely on multiple models or third-party managers.
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