InvestmentPOD for Advisors, a digital advice platform, announced that the company has received a strategic investment from the ScratchWorks Fintech Accelerator. ScratchWorks connects innovative tech companies with investment and wealth management luminaries to advance the digital transformation of the financial services industry.
Investment POD is a multi-strategy, automated investing platform offering advisors white-labeled robo automation with high net worth sophisticated asset and strategy diversification. Advisors are able to automate their trading and rebalancing process and deliver multiple solutions, above just buy and hold, which has been the typical offering of the current crop of robo advisors. The company has been recognized at the wealthmanagement.com Industry Awards program as a finalist in the disruptor and robo advisor categories over multiple years.
COMPETITION AT BARRON’S CONFERENCE
Earlier this year, ScratchWorks held its inaugural live event at the Barron’s Top Independent Advisors Conference featuring three top FinTech companies – Snappy Kraken, CircleBlack and InvestmentPOD – pitching their business models and platforms as potential investment opportunities to the five founders of ScratchWorks: Mariner Wealth Advisors, RMB Capital, Covenant, Brighton Jones, and The Colony Group. Collectively, these five leading RIAs manage over $60 billion in AUM for high net worth clients.
The ScratchWorks investors were impressed with the opportunity to partner with InvestmentPOD and have since worked out a strategic investment to help fuel the growth of InvestmentPOD.
“We founded ScratchWorks to identify early-stage FinTech companies that showed a lot of promise to help transform the wealth management industry,” said Marty Bicknell, CEO of Mariner Wealth Advisors. “InvestmentPOD stood out to us as one of the most innovative technology platforms in the automated investment space and we are very excited to become strategic investors and partners with InvestmentPOD.”
“We were extremely thrilled and honored to make it to the finals of the ScratchWorks accelerator,” said Jacqueline Ko Matthews, CEO and co-founder of InvestmentPOD. “The idea of these five leading firms coming together to create opportunities for firms like us is very inspiring and now with this strategic investment, we will be able to grow and expand InvestmentPOD to the entire RIA industry.”
InvestmentPOD will use the investment from ScratchWorks to further build out development resources, hire new talent and invest in emerging technologies.
SCRATCHWORKS, SEASON 2
Season 2 of ScatchWorks will kick off this Fall with a call for nominations from the FinTech community of early stage companies to showcase their platform in hopes of being selected to pitch their company for investment at the finals of ScratchWorks in March 2019.
InvestmentPOD was founded by Wall Street pioneers who identified the need for advisors to be able to deliver both traditional and alternative strategies via advanced technologies. With a highly credentialed staff of PhDs, CFPs, researchers, developers and engineers, InvestmentPOD is designed to be a comprehensive, white-labeled platform advisors can leverage to provide sophisticated investing strategies to their clients, while benefitting from the power of automation and operational efficiencies. InvestmentPOD is a graduate of the SixThirty FinTech accelerator, a finalist at the inaugural ScratchWorks fintech accelerator as well as the Prosper Women’s Accelerator, and has won multiple industry awards. To learn more, log onto www.InvestmentPOD.com.
Founded by five leading independent RIAs – Mariner Wealth Advisors, RMB Capital, Covenant, Brighton Jones, and The Colony Group – ScratchWorks is a FinTech Accelerator that connects innovative tech companies with investment and wealth management luminaries to advance the digital transformation of the financial services industry. Learn more at www.scratch.works.