PRESS RELEASE
19 OCTOBER 2022
CANOE INTELLIGENCE ENABLES VRGL TO STREAMLINE MULTI-ASSET ANALYSIS FOR WEALTH MANAGEMENT CLIENTS
Market-leading fintech firms serving the wealth management industry partner to provide wealth managers and advisors with access to more accurate, robust, and comprehensive traditional and alternative investment data
NEW
YORK, NY & DALLAS, TX - OCTOBER 19, 2022 - 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
Historically, wealth managers have experienced
many alternative investment data management challenges including access, manual
data inaccuracies, comprehensiveness, and security. VRGL's partnership with
Canoe
"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.
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ABOUT VRGL
VRGL provides institutional-grade analytics and automated data extraction to empower wealth management firms to accelerate the Client Acquisition, Proposal Management and Retention process ("CAPM & R"). By giving clients a complete view of their consolidated investment picture, VRGL enables advisors to quickly demonstrate how and why they add value. VRGL scores a client's entire portfolio across 5 pillars: performance, risk, diversification, taxes and fees. This quantitative scoring system presented at the front end of conversations decreases the time and cost associated with lengthy prospecting so advisors can accelerate time to new revenue and retention of existing AUM. Founded by pioneers of the institutional wealth management industry, VRGL's technology lets advisors seamlessly aggregate all client investment data and provides a no-touch analytics package allowing the advisor to contextualize their own investment offerings and advice. For questions or more information, email info@vrglwealth.com.
