In the news
Mako Fintech and PortfolioAid Announce Strategic Partnership to Harmonize KYC & KYP
Toronto, Ontario – January 17, 2023 – Today, Mako Financial Technologies, Inc. (“Mako”) and Portfolio Aid Inc. (“PortfolioAid”) are proud to announce a new strategic partnership to expand their integrated service offerings.
This partnership will offer advisors and wealth managers’ best-in-class WealthTech solutions that will streamline KYC workflows for client onboarding, portfolio construction, account servicing, and on-going compliance management.
PortfolioAid provides wealth compliance technology featuring product risk ratings, trade supervision, portfolio suitability modeling, and KYP management tools. Developed for all compliance stakeholders including head office supervisors, branch managers, and advisory teams, PortfolioAid has always believed that allowing insight and collaboration into the compliance process provides a competitive edge in the market.
“Never have advisors and wealth managers been so directly accountable for satisfying regulatory KYC & KYP mandates as they are today,” said Sam Webster, PortfolioAid CEO, “however with PortfolioAid and Mako’s proven solutions, we can help advisors elevate the investor experience while reducing financial, regulatory and reputational risk for themselves and their firms.”
Mako Fintech integrates unique operational processes and their corresponding forms into a single, unified experience from the investor, through the portfolio manager or introducing broker, all the way to the custodian. With proven success creating a best-in-class customer onboarding experience, Mako’s configurable solution enables partners to manage their customer data as households, investors, or accounts from prospecting to account opening to existing account requests and KYC maintenance workflows. The flexibility of Mako’s platform offers partners the ability to automate and modernize advisor and investor experiences. Mako has more than 50 clients spanning wealth management, institutional capital markets, private and alternative fund issuers, asset management, and various other advisors/dealers.
“At Mako, we are relentlessly focused on eliminating tedious manual processes, freeing advisors to focus on giving great advice,” says Raphael Bouskila, Mako’s founder and President. “Allowing advisors to automate both client onboarding, and also portfolio construction just makes sense. We’re excited to see the best advisors in the business do better work faster as a result of this partnership.”
Existing clients of Mako and Portfolio Aid are encouraged to speak with their account managers about the partnership offerings.
About PortfolioAid
Founded in 2001, PortfolioAid is Canada’s market-leading wealth compliance technology solution provider. Recent industry recognition includes 2022 WealthTech Provider of the Year – Excellence Awardee (Wealth Professional Magazine) and a 2022 WealthTech100 Company to Watch (FinTech Global). For more information please visit www.portfolioaid.com or email info@portfolioaid.com.
About Mako Fintech
Since 2018, Mako has provided cloud-based client engagement and business process automation services, such as digital onboarding, client reporting, and form automation across the Canadian wealth management industry. Mako is honoured to be a 5-Star WealthTech Provider, and a proud member of PMAC. Mako is headquartered in Montreal, Canada, and led by a team of finance and technology experts. For more information, please visit www.makofintech.com or email info@makofintech.com.
PortfolioAid Selected as Finalist for the WP Readers’ Choice Award for Service Provider of the Year in the Wealth Professional Awards 2021
Toronto, Ontario – April 1, 2021 – PortfolioAid announced that it has been selected as a Finalist for the WP Readers’ Choice Award for Service Provider of the Year in the 7th annual Wealth Professional Awards, the leading independent awards event for the wealth management and financial advisory profession in Canada.
PortfolioAid and VigilantCS Form a Strategic Compliance Technology Partnership to Tackle Client-Focused Reforms (CFRs)
Toronto, September 17, 2020 – Canadian RegTech solution providers, PortfolioAid and VigilantCS, have formed a strategic partnership to help Canada’s wealth management industry tackle client-focused reforms (CFRs) with award-winning technology.
For the second consecutive year, FinTech Global identifies PortfolioAid as one of the World’s 100 Most Innovative WealthTech Companies
Toronto, April 28th, 2020 – The top 100 WealthTech companies of 2020 from across the globe have been identified in the second WealthTech 100 list.
PortfolioAid selected as a 2020 finalist for “Wealth Professional’s Readers’ Choice Award for Service Provider of the Year.”
Toronto, April 22nd, 2020 – PortfolioAid is excited to share the news that it has been selected as a finalist for the 2020 WP Readers’ Choice Award for Service Provider of the Year.
PortfolioAid’s Chief Client Officer, Amanda Hamil, selected as a 2019 finalist for “Woman Innovator of the Year.”
Toronto, November 19th, 2019 – The biggest names in the wealth management head to Toronto for empowering industry event.
PortfolioAid wins 2019 Business Excellence Award for Smart Solution of the Year!
Toronto, November 6, 2019 – The Toronto Region Board of Trade’s Annual Business Excellence Awards (BEAs) honours PortfolioAid as the Smart Solution of the Year Award winner.
Heart & Stroke Foundation Big Bike
Toronto, July 15, 2019 – PortfolioAid employees raise money and awareness for Heart & Stroke foundation and have fun doing so! Go team!
FinTech Global identifies PortfolioAid as one of the World’s Most Innovative WealthTech Companies
Toronto, April 10, 2019 – The top 100 WealthTech companies of 2019 from across the globe have been identified in the inaugural WealthTech 100 list.
Contact us
For more information or a product demonstration, contact: Elaine Polgar Marketing and Communications media@portfolioaid.com 416-479-9714