TIFIN Expands Its Wealthtech Division Capabilities with an Agreement to Acquire Qualis Capital for Advisors to Access Private Markets; Announces The Launch of Personalized Giving for Families (Louise) and Micro-Financial Planning Through Conversational AI

Expansion into Private Markets, Philanthropy and Planning follows recent oversubscribed Series C that valued the firm at $448mm and included Hamilton Lane, a leading private markets investment manager alongside additional investments from series B investors, JP Morgan, Morningstar and Broadridge

BOULDER, CO and NEW YORK, NY / ACCESSWIRE / December 1, 2021 / TIFIN, a fintech platform using AI for wealth and asset management, announced the expansion of capabilities within its WealthTech division across private markets, philanthropy and planning. The firm announced an investment in and an agreement to acquire Qualis Capital subject to regulatory approvals. It also announced the launch of Louise to enable personalized giving experiences for families; and PlanIQ to simplify financial planning through conversational AI. Terms of the transaction to acquire Qualis were not disclosed.

Foto: Accesswire

TIFIN Founder and CEO, Vinay Nair, PhD

"In our WealthTech division, TIFIN has created a collection of personalization capabilities - using AI and investment intelligence - that allow advisors to provide individualized experiences and better outcomes for their prospects and clients. As we do this, we seek to solve today's problems with tomorrow's solutions. Louise and PlanIQ bring to the market futuristic ways to address challenges that exist in family giving and financial planning," explained TIFIN Founder & CEO Vinay Nair, PhD. "Qualis helps us accelerate our projects in the space of alternative investments while continuing the impressive growth they have already achieved."

Qualis Capital, launched in 2019, has built a fintech platform to provide advisors access to selected private market managers in a direct format, saving their clients additional fees that are often associated with access to such alternative investments.

"The acquisition of Qualis furthers TIFIN's mission to deliver private investments to the retail world through advisory channels. Hamilton Lane is committed to enabling access to our asset class for a broader group of investors and is excited to be partnered with a leader in technologically-driven wealth management solutions," stated Erik Hirsch, Vice Chairman and Head of Strategic Initiatives at Hamilton Lane.

"We are excited to be part of TIFIN and look forward to accelerating our mission of providing access to institutional quality private market opportunities at institutional prices," said Antonio DeRosa, CEO of Qualis Capital.