ModernAdvisor

wealthtech-retailrobo advisors

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: Canada
Last Update: 17/07/2020

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About

ModernAdvisor is an online and automated investing service (robo-advisor) that offers Canadians a better and lower cost way to invest for their future. The company complements expert investment insights with proprietary algorithms and an interactive website to bring sophisticated and low-cost investment management to every Canadian. ModernAdvisor is a registered portfolio manager in all Canadian provinces as well as the Northwest Territories.

MEDICI Analysis

ModernAdvisor is an online automated investment advisor that builds a personalized investment portfolio of ETFs, based on the investor's risk preferences.

Focus

MAIN CLIENTS

Retail investors

People

FOUNDERS

Navid Boostani

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Jim Bond

Moray Keith

Momentum

FUNDED

NO

TOTAL FUNDING

$4.4 M

DATE OF LAST FUNDING

Sep 2015

SEED & PRIOR FUNDING

$2.2 M

SEED CLOSED ON

Sep 2015

LISTED

NO

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