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Pascal launches free WealthTech bundle in response to COVID-19

Pascal Financial, a Canadian WealthTech company, is supporting financial advisors through the coronavirus crisis by offering a free WealthTech bundle.

The bundle, Prevail by Pascal, will help advisors improve client interactions with a number of engagement measures. This includes secure communication tools, portfolio stress testing analytics and behavioural finance assessment.

Frances Zomer, CEO of Pascal Financial

Frances Zomer, CEO of Pascal Financial

Industry leaders have worked together to support Pascal in delivering Prevail to advisors for free, including Starlight Capital, Fidelity Clearing Canada, Morningstar and GWP Brand Engineering.

Wealth management firms have increasingly cancelled face-to-face client meetings to keep people safe from the spread of COVID-19, Frances Zomer, CEO of Pascal noted.

“Pascal is here to support advisors during these highly uncertain and challenging times, delivering the technology to provide clients with that important human touch,” she said.

“Pascal wants to do our part to help advisors’ level up, engage and prevail with their clients. We are grateful for the support of industry leaders […] who recognise the importance of this initiative and are helping to deliver Prevail to advisors for free.”

Prevail includes three main features: remote client engagement tools including secure inbox and messaging, learning hub and content management, hassle-free video conferencing, call requests and scheduling management; portfolio stress testing analytics illustrating black-swan events to help clients better understand their investments in a historical reference; and InvestorDNA, Pascal’s behavioural finance assessment tool providing client insights on individual levers driving financial decision making.

Furthermore, for every advisor subscription, a donation will be made to the Canadian Mental Health Association (CMHA), Pascal said in its statement, to allow it to continue its mission of care and mental health advocacy.

Pascal, an AI-powered digital wealth management platform, was launched in Canada in the first quarter of 2020, with future launches planned for the US and Cayman Islands.

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