A major independent registered investment advisory based in the United States has selected Toronto’s d1g1t for its institutional-grade enterprise wealth management platform.
d1g1t’s platform is slated to power Oxford Financial Group, enabling the institution to aggregate clients’ financial accounts and investments into a consolidated view.
This upgrade aims to enhance reporting and analytics, enabling data-driven decision-making for high-net-worth clientele, according to a statement from the firms, as well as strengthen Oxford’s ability to manage complex portfolios while reducing time spent on manual data management processes.
“At Oxford, we are committed to modernizing our technology stack in ways that deliver both scale and efficiency, while directly enhancing the client experience,” says Travis Armstrong, who serves as Senior Director of Technology & Private Market Operations at Oxford.
d1g1t’s enterprise wealth management platform delivers an integrated solution with workflows across performance reporting, portfolio management, trading, billing, and compliance, offering advisor and client portals that provide real-time access to information.
“Partnering with d1g1t allows us to streamline reporting and portfolio management, reduce the friction of data management, and provide a more interactive and insightful digital experience for our clients,” Armstrong stated.
Armstrong believes the partnership “positions the firm to meet the growing expectations of families across generations, while equipping our advisors to focus on what matters most: delivering bespoke wealth strategies and sustaining the trusted relationships that define Oxford.”
Dan Rosen, cofounder and chief executive officer of d1g1t, says that “Today’s wealth management firms face mounting demands to provide swift investment guidance alongside highly personalized digital experiences.”
“This makes having a platform that offers trusted analytics and actionable insights more essential than ever before,” he remarked.
Rosen said his fintech is “delighted to collaborate with Oxford as we expand our multi-family office ecosystem and the footprint of d1g1t’s comprehensive wealth management platform in the US.”
Founded in 2016 by Rosen alongside Philippe Rouanet and Benoit Fleury, d1g1t this year secured investment from the Royal Bank of Canada.
Other institutions taking advantage of d1g1t’s fintech include Calgary’s Northern Light, Chicago’s Gresham, Victoria’s Burkett Asset Management, and Virgo Digital Asset Management.
Last year, 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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