Republic Capital Group, a company focused on offering investment banking services to the registered investment advisors (RIAs), asset and wealth management communities, will reportedly make a strategic investment in Creativemass, a US and Australia based financial services software firm.
Creativemass provides wealth management solutions via its products, WealthConnect.
Established in 2017, the company is managed by a diverse team of tech professionals. It aims to leverage the latest technologies to provide wealth management services.
Creativemass claims that it works with established wealth managers in Australia and the UK.
As mentioned on CreativeMass’ official website:
“We’re more than just another Fintech. Our software has been developed by technology [professionals] and wealth [managers] who understand the industry, its challenges and goals. We believe in a simpler, more customer centric financial services experience for everyone.”
WealthConnect provides services to wealth and asset management, insurance, mortgage, broker dealer, and accounting companies. It uses Salesforce’s customer relationship management (CRM).
WealthConnect integrates the foundational components of Salesforce, along with advanced financial planning, wealth management, and broking capabilities
John Langston, MD of Republic Capital Group, said that Creativemass and WealthConnect could work cooperatively to potentially “change the landscape” of the Wealthtech industry.
Michael Rouse, founder and MD Creativemass, noted that the investment from Republic Capital Group should help the company as it expands into the US markets.
Jacob Schutt, a board member of Creativemass and principal & CTO at San Francisco based Parallel Advisors, a wealth management company, said that WealthConnect provides a reliable client engagement solution which should help businesses streamline their operations.