FNZ raises $650 million

FNZ , a global wealth management platform, has raised $650 million in new equity funding from its institutional shareholders, including La Caisse, Generation Investment Management, Canada Pension Plan Investment Board, and Motive Partners. The round also includes participation from several of FNZ’s clients, such as Aberdeen Group, Aviva , FirstCape, Ninety One, and Nucleus Financial Platforms.

FNZ recently announced new mandates and renewals with financial institutions, a partnership with Microsoft, and the launch of AI-powered tools to enhance financial advisor productivity. Last month, FNZ also announced the conclusion of the Section 166 review and associated Voluntary Requirement in the UK.

“Over the past year we have created the conditions for FNZ’s long-term success: putting client delivery at the core of our plans, instilling operational discipline, and driving profitable growth. The opportunity ahead is huge and this capital allows us to grasp it with both hands.” – Blythe Masters, CEO of FNZ.