Wealthify now fully owned by Aviva

June 08, 2020 | Wealth Management

Written by FinTech Alliance

Wealthify now fully owned by Aviva

Wealthify is now a wholly owned, independently run subsidiary of the Aviva Group.

In Brief:

  • The investment platform was launched in 2016.

  • It now has 40 staff, 30,000 customers and a range of products including ISAs and General Investment Accounts.

  • Aviva has been the majority owner since 2018.

What does this mean?

When Aviva invested in Wealthify, the founders got the option to sell their remaining shares to Aviva – this has now been exercised. As part of the deal, CEO Richard Theo has stepped down to be replaced by Aviva’s Andrew Russell. However, CIO and COO Michelle Pearce-Burke has stayed on.

Read more here.

 

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