Pascal Financial’s AI-powered digital wealth platform has been integrated with Sterling Mutuals, one of Canada’s premier independent mutual fund dealers, as per the announcement.
The fintech firm is launching the only fully integrated, AI-powered wealth management platform in Canada in the first quarter of 2020. Future launches are planned for the US and Cayman Islands. Pascal Financial is led by a team of industry veterans and the app developer for Robinhood.
Sterling Mutuals has over $4 billion in assets under administration (AUA) and more than 300 advisors and support staff.
Fotios Saratsiotis, President of Pascal, commented: “We’re proud to welcome Sterling Mutuals to our digital wealth platform. As one of Canada’s leading independent mutual fund dealers, Sterling has distinguished itself through the use of innovative technologies. Their choice of Pascal for their expansive network of independent financial advisors speaks to how we’re changing the game in supporting visionary dealers who will leverage our platform to drive their growth in the 2020 decade.”
Frances Zomer, Chief Executive Officer of Pascal, said: “Sterling has been a leader in the mutual fund industry for decades. We’re excited to be working with their advisors to promote the digital tools they need to thrive in a time of disruption. Advisors who leverage technology will lead the way for our industry.”
Nelson Cheng, Chief Executive Officer of Sterling Mutuals, added: “Our focus since 1996 has been on developing best-in-class experiences and products for our clients and our advisors. We have great proprietary technology, but we’re always open to adding third-party technologies when it can benefit our advisors. After researching all the digital platforms in Canada, we are pleased to announce the selection of Pascal as our preferred third-party digital wealth platform. Pascal’s advanced user design and functionality, client and advisor advanced alerts engine, behavioral finance and client engagement tools, investment portfolio tools and bulletproof compliance will keep Sterling at the leading edge of our industry.”
Late last year, Pascal partnered with global fintech leader Privé Technologies for the launch of its platform, which was tested by 75 financial institutions globally. The system is able to capture clients’ investment and lifestyle interests in order to help advisors engage with their clients. The platform also uses behavioral finance to help clients know themselves, and advisors to know the real client.