Upside

wealthtech-retailrobo advisors

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

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About

Upside is an automated managed account platform provides advisors with paperless account opening, portfolio selection, automated trading and rebalancing, client and advisor portals, practice analytics in an intuitive design-led user interface. It helps registered investment advisors by leveraging technology and algorithms to advise, manage, and service clients. In Feb. 2015, It was acquired by Envestnet which is a provider of wealth management technology and services to financial advisors.

Focus

PRODUCTS & SERVICES

Upside: It is an online investment platform that helps registered investment advisors by leveraging technology and algorithms to advise, manage, and service clients. It provides automated, white-labeled managed account platform provides advisors with paperless account opening, portfolio selection, automated trading and rebalancing, client and advisor portals, and practice analytics in an intuitive, design-led user interface.

REVENUE MODEL

The company follows a service-based revenue model. Upside takes a 0.25% fee for its services.

EXISTING PARTNERSHIPS

It has partnered with the Shareholders Service Group that provides brokerage services to over 1,200 advisers across the US.

People

FOUNDERS

Tom Kimberly

Juney Ham

BOARD MEMBERS AND ADVISORS

Elaine Wherry

NUMBER OF EMPLOYEES

1000+

INVESTORS:

Balderton Capital

Bruno Bowden

Cultivation Capital

SeedInvest

SixThirty

KEY EMPLOYEES:

Juney Ham (President)

Momentum

FUNDED

YES

TOTAL FUNDING

$1.2 M

DATE OF LAST FUNDING

Jul 2014

SEED & PRIOR FUNDING

$100 K

SEED CLOSED ON

Oct 2013

FUNDING SERIES

OTHERS  · $1.1 M · Jul 2014

LISTED

NO

Innovation Programs

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

74 VISITORS | 154 VIEWS
LATEST FUNDING ROUND

$1.2 M

TOTAL EMPLOYEES
1000+

About

Upside is an automated managed account platform provides advisors with paperless account opening, portfolio selection, automated trading and rebalancing, client and advisor portals, practice analytics in an intuitive design-led user interface. It helps registered investment advisors by leveraging technology and algorithms to advise, manage, and service clients. In Feb. 2015, It was acquired by Envestnet which is a provider of wealth management technology and services to financial advisors.

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Focus+
Momentum+
People+
Other+

Innovation Programs

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