Nest Wealth, a B2B digital wealth management platform, announced on May 15 the acquisition of Alberta-based Razor Logic Systems.
Founded in 2011, Razor Logic Systems is the developer of RazorPlan, a financial planning software that enables financial advisors to quickly analyze a client's needs and generate full financial plans. Clients of RazorPlan include banks, independent financial dealers and investment firms.
"We're excited to welcome the RazorPlan team and their clients to the Nest Wealth family. Both companies have always shared a common goal to make life better for the individual investor so this seems like a very natural fit," said Randy Cass, founder and CEO, Nest Wealth. "The acquisition represents an important milestone in the industry, as we will now offer users the first digital wealth platform to combine sophisticated financial planning and professional wealth management. Our aim is to ensure every single investor is confident that their every dollar, from the first one saved to the last one spent, is part of a comprehensive plan that makes sense for their unique goals and personal circumstances."