OneVest secures $17m to enhance wealth management experience

By Delisha Fernandes

OneVest, a Wealth-as-a-Service platform, announced it has secured $17 million in Series A funding. With this funding, the platform aims to dramatically improve the wealth management experience for both financial institutions and their customers.

OneVest’s platform offers a modular and adaptable infrastructure solution. With the expansion of the Wealth-as-a-Service platform, financial institutions can seamlessly integrate and configure various components of a wealth management offering for their customers based on their specific needs and requirements.

“We have built OneVest as a durable, highly scalable platform that can shape the future of wealth management. Financial institutions need exceptional experiences to meet both customer and advisor expectations when it comes to technology. The ability to implement a modern service with all the required compliance requirements built-in is compelling,” said Amar Ahluwalia, Co-founder and CEO of OneVest. “This new capital will help us ensure financial institutions worldwide are well-equipped for the future.”

OMERS Ventures led the round with participation from existing investors Luge Capital, Panache Ventures, AAF Management, FJ Labs, and new investors Fin Capital, Pivot Investment Partners and Deloitte Ventures will be used to, among other things, accelerate the company’s growth, expand into the US market and for other general corporate purposes.

“We are excited to support OneVest on their mission to provide full-stack WealthTech solutions to the financial services ecosystem,” said Logan Allin, Managing Partner and Founder at Fin Capital. “The team has built best-in-class capabilities that will address key gaps in the North American market and democratise access to wealth management services.”

OneVest’s modular approach allows for flexibility and efficiency, ensuring businesses can construct a customised wealth management solution that aligns perfectly with their customer’s expectations and the ever-changing market landscape. In addition, the platform enables financial institutions to operate more efficiently, simplify processes, and do away with siloed systems.