WealthBar

wealthtech-retailrobo advisors

STATUS: Acquired/Merged
FOUNDING YEAR: 2012
LOCATION: Canada
Last Update: 17/07/2020

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About

WealthBar makes accessing professionally managed investments and financial advice, ridiculously easy.

MEDICI Analysis

WealthBar is a full-service online financial advisor using technology to make financial planning and investing more efficient and convenient.

Focus

PRODUCTS & SERVICES

Online financial planning & portfolio management services for individuals & HNI's. WealthBar - Provides semi-automated financial advice, constructing diversified portfolios using low-cost exchange-traded funds (ETFs).

REVENUE MODEL

WealthBar charges 0.6 to 0.35 % management fee and varied with investment slab. It also offers free accounts for those with less than $5,000 to invest.

MAIN CLIENTS

online portfolio management

EXISTING PARTNERSHIPS

Nicola Wealth Management

People

FOUNDERS

Tea Nicola

Chris Nicola

BOARD MEMBERS AND ADVISORS

Bernd Petak

Lance Tracey

Boris Mann

John Nicola

Howard Atkinson

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Howard Atkinson

Nicola Wealth Management

Paul Geyer

KEY EMPLOYEES:

Tea Nicola(CEO)

Momentum

FUNDED

NO

TOTAL FUNDING

$5.5 M

DATE OF LAST FUNDING

May 2016

TOTAL FUNDING COMMENT

Venture funding: $5.5 M

LISTED

NO

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