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Verso Wealth Management Platform to be Introduced by Munnypot Ltd after it Acquires Whitefoord LLP

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Munnypot Ltd confirms that it has teamed up with Cairngorm Capital Partners LLP and has acquired Whitefoord LLP, in order to introduce Verso Wealth Management, which is a wealth management group offering financial advice and investment management that’s supported by an all-digital platform.

Cairngorm Capital is a specialist private investment company that offers equity capital, financial advice and management services to UK-based firms, in order support transformational growth in their business operations.

Using Munnypot’s tech platform, Verso will bring together the expertise of its client advisors and automated advice services, enabling customer segmentation by value and complexity. Developed to comply with the Financial Conduct Authority’s (FCA) regulatory guidelines while connecting with industry applications, Verso’s straight-through processing supports financial planning, relevant product selections as well as automating client servicing.

The end result is operational and regulatory efficiencies that can enhance client servicing which may lead to more revenue for firms. Verso says that it plans to pursue an IFA consolidation strategy. Cairngorm Capital’s buy, build and transformation know-how will assist Verso with adopting an effective growth strategy, in order to develop a proper digital wealth management group.

The first of these acquisitions is Whitefoord LLP, which will soon be finalized, but it’s subject to FCA approval. The business entity will be Verso’s cornerstone advisor.

Whitefoord provides a complete wealth management service that brings together discretionary investment management services and financial advice to offer private clients, trusts and pension funds with a more personalized service. At present, it operates its own SIPP, ISA and trust corporation which enables its customers to take advantage of comprehensive solutions for their financial planning requirements.

Recently, it introduced a family office service to address the financial and estate planning requirements of wealthy families. Headquartered in London with a team of 31 financial advisors, investment professionals as well as key support staff, the firm manages investment portfolios valued at a combined £300 million. It offers advice on assets valued at over £310 million, as of Q1 2021.

Vince Whitefoord, CEO at Whitefoord, has now joined Verso’s executive team and will be leading its fund management division.

Andrew Fay, CEO at Verso, remarked:

“Verso will make it far easier for advisors to maximize efficiency, reduce compliance risk and increase revenue. Our goal is to become the leading digitally driven IFA consolidator and there’s no limit to our ambition. We would invite any IFA firm that is interested in learning more, to contact us. We are really excited to be partnering with the team at Cairngorm Capital. They have invaluable operational and investment experience in the sector, which we look forward to drawing on. Together as partners, we will have the resources and the expertise to make Verso Wealth Management a very exciting business for IFA’s to come and be part of.”

Simon Redgrove, Verso’s Managing Director, noted:

“The need for good quality, affordable financial advice and investment services has never been greater. Our goal is to make this advice available to everyone – not just the wealthy. Already people from all walks of life use our proprietary technology to buy the core financial products they need; our partnership with Whitefoord will broaden both the types of clients we are able to serve and the range of investment solutions that we are able to recommend.”

Vince Whitefoord, Chief Executive of Whitefoord, added:

“Partnering with Verso is an obvious choice for us and the natural evolution for our firm. We have always embraced the latest technology and recently launched our digital communication portal. The digital advice platform provided by Verso will enable us to leapfrog to the next generation of digital infrastructure. Our clients greatly value our personal service and that will remain unchanged but a wholly automated advice and investment option will allow us to help their families and open up our expertise to a far wider audience. Verso’s scale and technology will deliver significant administrative cost efficiencies and regulatory upside.”

Cairngorm Capital’s investment has reportedly been led by Neil McGill and Lucy Graham.

Neil noted:

“Our firm believes that the parallel trends of the increased complexity of consumers’ advice needs, their growing adoption of digital services and rising automation in wealth management will endure over the long term. The combination of award winning technology, high quality advice and an exceptional management team ensures that the Verso Group is well placed to capitalise on this. We are delighted to be able to partner with Andrew, Simon, Vince and their teams.”

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Source: https://www.crowdfundinsider.com/2021/07/177922-verso-wealth-management-platform-to-be-introduced-by-munnypot-ltd-after-it-acquires-whitefoord-llp/

Crowdfunding

Japanese Engineers Shatter Record for Internet Speed — Are You Ready for a Revolution?

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You rely on Crowdability to bring you the best start-up deals. Now rely on us to bring you the most fascinating stories and trends from the world of technology. You won’t find this stuff in the mainstream press. Look for it every Friday morning.

Time to Sell Your Netflix Stock?

With people finally emerging from their pandemic cocoons, Netflix is struggling to maintain its growth. So it decided to add something new for us to do online… »

Is Google Trying to Kill People?

Hikers in Scotland rely on Google Maps to guide them. But lately, they’ve been wondering whether Google is trying to help them — or hurt them. Read more here »

Give a Stranger Your Password

Imagine your $15 Netflix bill dropping to $5. Or your $19.99 Spotify subscription being trimmed to just $3 a month. A new service makes it possible — but there’s a catch »

This Car Was Designed to Make You Money

Cars today are amazing feats of technology. They can automatically stop on a dime, or squeeze into a tight parking spot at the push of a button. But only one car has a high-tech feature that can actually make you money. Get the scoop »

Japanese Engineers Shatter Record for Internet Speed — Are You Ready for a Revolution?

Engineers in Japan just broke the world record for the fastest internet speed. According to experts, this could “literally change everything.” Learn how »

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PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.crowdability.com/article/japanese-engineers-shatter-record-for-internet-speed-are-you-ready-for-a-revolution

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Crowdfunding

Your Chance to Say “I QUIT!”

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Imagine walking into work tomorrow, looking your boss in the eye, and saying…

“I QUIT!”

Then you could head home, kick up your feet, and start enjoying retirement!

And here’s the best part:

Your bills are paid, and you could care less whether the market is going up or down.

Well, thanks to an extraordinary investment strategy I’m about to show you, this dream scenario could become your reality as early as next year.

This is a game-changer. It’s a way to earn six figures each year — even if you have no money to invest at all.

How is this possible? Let me explain…

“It Takes Money to Make Money”

Many Crowdability readers love our research on the private markets, but a big hurdle is preventing them from taking advantage of it:

Before they can start investing, they need some seed capital!

In other words, if they only have a tiny nest-egg, or no nest-egg at all, even the most powerful investment strategies can’t help them achieve their financial goals.

Which is why we’ve spent years researching alternative strategies…

Strategies that can help investors build up a nest-egg with little upfront capital…

Or even better, no upfront capital at all.

“The No-Money Down” Strategy

Matt and I focus most of our time and capital on early-stage startups…

But we make other types of investments, too.

And recently, while we were searching for non-traditional investments that could deliver big returns, we identified dozens of under-the-radar strategies…

The types of strategies that could add thousands of dollars to your nest-egg each month.

To be clear, these strategies have nothing to do with startups or early-stage investing…

But they can be just as beneficial to your portfolio.

Furthermore, you don’t need any special experience to use these strategies — and in many cases, you don’t need any upfront capital, either.

Matt used one of these strategies to add $13,326 to his bank account in a single month.

But there are other people — folks like our friend Ben Schott (who isn’t an experienced or wealthy investor) — who’ve been using another of these strategies to consistently earn about $4,264 per month.

And here’s the crazy part:

He’s able to earn those kinds of returns even though he didn’t risk a penny in upfront investment capital!

That’s why we call this our “No-Money Down” Strategy…

Join Us Next Week!

If you’d like to learn more about these under-the-radar “hidden income” strategies…

Strategies that are already helping people like Matt and Ben earn thousands of dollars a month…

Then click the link below to immediately register for an upcoming Strategy Briefing we’re hosting next week.

During this special online event, we’ll show you exactly how our “hidden income” strategies work, and how you can start using them immediately.

This event will be unlike anything you’ve seen before.

To sign up for next week’s “Hidden Income” Strategy Briefing, click here now »

Best Regards,
Wayne Mulligan
Wayne Mulligan
Founder
Crowdability.com

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Source: https://www.crowdability.com/article/your-chance-to-say-i-quit-2

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Crowdfunding

Upgrade Adds Bitcoin Rewards Card

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Upgrade, an online lender, has announced the launch of the Upgrade Bitcoin Rewards Card a new version of Upgrade Card featuring Bitcoin rewards. Under Upgrade’s new program, users may earn unlimited 1.5% Bitcoin rewards on every purchase as they make payments.  The custody and trading platform for holding and selling Bitcoin is provided by NYDIG.

Upgrade has facilitated more than $7 billion in credit to consumers through cards and loans since its inception in 2017. It also offers rewards checking accounts with debit cards that pay 2% rewards on transactions and monthly subscriptions.

Founder and CEO Renaud Laplanche says Upgrade Card is already providing $3 billion in credit to consumers.

“Starting today, anyone can apply for an Upgrade Bitcoin Rewards Card and enjoy the same affordable and responsible credit as with any Upgrade Card, plus the potential upside and fun of owning Bitcoin,” says Laplanche.

As with every Upgrade Card, the Fintech promotes “responsible credit” by turning every balance into a fixed-rate installment plan, and by paying rewards to cardholders as they pay down their balance.

The Upgrade Bitcoin Rewards card is leveraging the growing popularity of crypto by providing a simple path to holding Bitcoin.  Cardholders must hold their Bitcoin rewards for at least 90 days and then may sell at any time subject to a 1.5% transaction fee.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.crowdfundinsider.com/2021/07/178147-upgrade-adds-bitcoin-rewards-card/

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Fidelity Digital Assets Survey Reveals Growing Number of Institutions Plan to Gain Exposure to Crypto-Assets

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Seven in 10 institutional investors are now expecting to purchase or invest in digital assets in the future, and over 90% of those interested in these financial instruments expect to have an allocation in their institution’s or clients’ portfolios “within the next five years.” This, according to new research from Fidelity Digital Assets’ 2021 Institutional Investor Digital Assets Study.

This forecast confirms a steady acceleration in adoption of digital assets over the next several years as over half (52%) of institutions surveyed across Asia, Europe and the U.S. “currently invest in digital assets.”

Although adoption rates remain fairly high across Asia (71%) when compared to Europe and the U.S., participation “increased in both markets as 56% of European institutions and 33% of U.S. institutions now hold investments in the asset class, up from 45% and 27%, respectively, the prior year.”

Tom Jessop, President at Fidelity Digital Assets, stated:

“The increased interest and adoption we’re seeing is a reflection of the growing sophistication and institutionalization of the digital assets ecosystem/ The pandemic – and fiscal and monetary measures in response to it – has been a catalyst for many institutional investors to define their investment thesis and operationalize it.”

According to the study, nearly 9 in 10 investors find characteristics of digital assets “appealing, with increases in both U.S. and Europe.” Digital assets’ high potential upside and relatively low correlation to other assets have “grown in appeal to institutional investors in recent years, with the potential upside gaining 16 points among U.S. investors since 2019 and 13 points among European investors since 2020.”

Price volatility is still the primary obstacle or barrier to adoption, “followed by lack of fundamentals to gauge value and concerns around market manipulation; however, investors cited less concern about complexity for institutions and market infrastructure than previously.”

Jessop added:

“The expectation that the vast majority of institutions will have some exposure to digital assets by 2026 shows that investors have a deeper understanding of the asset class and have progressed in the three-phase journey from education to adoption.”

Today, almost 8 in 10 institutional investors think that crypto-assets should be part of a portfolio. This belief is “strongest in Asia, where adoption rates are highest; however, European and U.S. institutions are increasingly in agreement”:

  • More than three-quarters (77%) of European investors share this belief, up from two-thirds the prior year
  • 69% of U.S. investors share this belief, compared to 64% the prior year.

Fidelity Digital Assets says they will be exploring the investment outlook and institutions’ investment preferences in another report this fall, “featuring deeper insights from the 2021 Institutional Investor Digital Assets Study.”

As stated in the update:

“As adoption increases, institutional investors are expecting more services from digital asset custodians. Investors want a custodian that offers electronic trading (63%) and market data and analytics (56%), with a greater emphasis on these services among U.S. institutions. Still, security and safety remain the most important features of a custodial relationship, having grown in importance in both Europe and the U.S.”

You may learn more about the institutional market for digital assets and Fidelity Digital Assets’ custody and trade execution platform here.

As noted in the announcement, the blind survey was “executed in association with Coalition Greenwich on behalf of Fidelity Digital Assets and the Fidelity Center for Applied Technology between December 2, 2020 and April 2, 2021.”

The survey included 1,100 institutional investors in the U.S. (408), Europe (393) and Asia (299), “including high net worth investors, family offices, digital and traditional hedge funds, institutional investors, financial advisors and endowment and foundations.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.crowdfundinsider.com/2021/07/178139-fidelity-digital-assets-survey-reveals-growing-number-of-institutions-plan-to-gain-exposure-to-crypto-assets/

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