Strategic agreement affirms wealthtech provider’s unique tools and capabilities
Following a significant round of financing, wealthtech provider d1g1t has entered into a strategic agreement with one of North America’s leading investment dealers.
Under the newly announced partnership with Raymond James Correspondent Services (RJCS), RJCS will implement d1g1t’s platform as part of its continuing efforts to modernize its technology capabilities. With the new collaboration, the company expects to bolster its ability to deliver a superior service experience to both advisors and clients across the entire wealth management lifecycle.
“We are delighted to partner with d1g1t, which has quickly established a reputation throughout North America for being a trusted, reliable and innovative technology partner to wealth management businesses of all sizes,” said David Burnes, senior vice president of RJCS.
RJCS is the custody and clearing division of Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial, Inc. RJCS serves independent portfolio managers who together represent over $10 billion in assets under management.
“While we considered many other providers, it was clear d1g1t's platform was the right choice, with its unique tools and capabilities allowing us to continue to give firms and advisors the best opportunity to meet the ever-changing needs of today's increasingly sophisticated investors,” Burnes said.
The partnership with RJCS comes roughly three months after d1g1t closed a $16-million fundraising round. At the time, the company said the financing would be used to boost its ability to develop new products, attract top talent, and widen its business across both Canada and the U.S.
Prior to that, d1g1t also forged a collaboration with Conquest Planning through which the two firms would deliver an integrated solution that includes both institutional-grade risk management and analytics tools and state-of-the-art financial planning software.
“We are excited to team with Raymond James. Partnering with one of the leading wealth management brands in the world not only expands our client base but it affirms what our company can deliver to wealth management businesses of all sizes,” said Dr. Dan Rosen, co-founder and CEO of d1g1t. “We look forward to supporting the advisors and firms on the RJCS platform in the years to come and to building upon this partnership by growing further in the future.”