Global wealth management business FNZ has raised $1.4bn in new equity funding.
In Brief:
The funding comes from Canada Pension Plan Investment Board and Motive Partners.
The deal leaves FNZ with a valuation of over $20bn.
FNZ aims to make financial advice and wealth management more accessible through partnerships across the whole industry.
What does this mean?
FNZ, which currently works with over 650 financial institutions, intends to use this funding to further its innovation and geographical expansion.
