Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence, today announced a new partnership with VRGL, a provider of institutional-grade analytics and automated data extraction to the wealth management industry.
This collaboration allows wealth managers with access to relevant traditional and alternative investment data and portfolio analytics to communicate their unique value to prospective and current clients.
Historically, wealth managers have experienced many alternative investment data management challenges including access, manual data inaccuracies, comprehensiveness, and security. VRGL’s partnership with Canoe establishes a new multi-asset approach to proposal management for wealth managers. By combining Canoe’s expertise in automating alternatives document and data workflows and VRGL’s expertise in deriving analytics that strengthen proposal creation across asset classes, wealth managers are empowered with the tooling to foster faster engagement between advisors and prospective clients.
“Wealth managers today understand they need data to quickly and accurately understand their client or prospect’s entire investment picture across traditional and alternative assets,” said Josh Smith, co-founder and CEO at VRGL. “Canoe is the industry-leader in automating data extraction and delivery for the alternatives space and we are thrilled to partner with them to offer our customers extended alternative data functionality that expands our native capabilities. This partnership furthers our mission to accelerate the prospect journey and expedite time to revenue for our clients by providing advisors the tools they need to evaluate and present their clients’ investment data with more ease, completeness, and accuracy.”
“More than half of our client base deals with the specific proposal management challenges VRGL is solving. And, we’re eager to contribute to the solution,” said Michael Muniz, Partner and Chief Revenue Officer at Canoe Intelligence. “We’re delighted to collaborate with the VRGL team. Together, we’ll continue to strengthen the technology available to the wealth management community and support all investors with higher-quality data and analytics to make more informed decisions.”
This news follows Canoe’s recent accomplishments including building traction as the industry-standard solution for alternatives document and data management, expanding relationships with other wealth management technology providers, and numerous client engagements with institutional investors and large family offices.