Vanare Acquires NestEgg, Creates Hybrid Wealth Management Offering
Integrates automated allocation with traditional services
With the buy, Vanare adds an easily-customized digital advice offering for managers to offer to clients based on their firm’s investment philosophy. Vanare’s combined platform empowers them to seamlessly connect with their clients through the channel that their clients prefer, whether digital or in-person, while enabling the RIA to efficiently discover and service more clients.
“Vanare’s acquisition of NestEgg truly puts Vanare on a new level of innovation for wealth management technology platforms," Rich Cancro, Founder and Chief Executive Officer of Vanare, says. "We are the only institutional-quality platform that combines traditional wealth management services with a native Roboadvisor technology, which makes us the disruptive challenger in an industry that is plagued with outdated systems and legacy issues.”
Alexey 'Lex' Sokolin, NestEgg's CEO, will become COO and partner at Vanare as part of the deal.
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