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January 17, 2023 08:00 AM Eastern Standard Time
MONTREAL--( BUSINESS WIRE )--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 . Contacts

Mako Fintech and PortfolioAid Announce Strategic Partnership to Harmonize KYC &amp; KYP

Harbourfront Wealth Management
VANCOUVER, British Columbia, CANADA
VANCOUVER, British Columbia, May  16, 2022  (GLOBE NEWSWIRE) -- Harbourfront Wealth Management (HFWM), a leading independent Canadian wealth advisory firm, today announced it has earned nominations across 14 award categories, totaling the highest number of placements, in the 8th annual Wealth Professional Awards. The Wealth Professional Awards is the leading independent awards program and recognizes business excellence in the Canadian wealth management industry. The program acknowledges wealth professionals, advisory brokerages, and fund providers for their outstanding achievements, best practices, and leadership in wealth management over the past 12 months. Harbourfront Wealth Management and its seasoned advisors have been shortlisted for the following award categories: The Mako Financial Technologies Award for Most Innovative Use of Wealth Tech, Employer of Choice, The Edward Jones Award for Excellence in Philanthropy and Community Service, The Equitable Bank Award for Multi-Office Advisor Network/Brokerage of the Year, Female Trailblazer of the Year, The ICM Asset Management Award for Advisor of the Year in addition to others. Harbourfront’s nomination for The Mako Financial Technologies Award comes at a timely moment as the company is preparing to roll out its new advisor and employee-facing app, Harbourfront Gateway. The app will elevate the client-advisor experience as well as back-office communications and will serve as an extension of the firm’s already existing Tech Hub. “Digital innovation is what’s leading this next era of the wealth management industry. As a firm that has innovation in our blood, we have dedicated a significant investment of capital and specialized resources into building a holistic tech strategy map, that includes a top-of-the-line app as a part of phase one of four. "Simply put, we empower our advisors to do what they do best, service their clients and grow their businesses exponentially, with zero admin drag as we are not looking to ease into the future, but instead we are committed to creating it,” said Mark J. Pinto, President of Harbourfront Wealth Management. “Harbourfront was built to give the Canadian wealth management space the disruption it needs. Archaic technology and mainstream investment solutions will no longer cut it for sleepy investment firms. We’re dedicated to our clients and advisors and the industry continues to take notice. Fourteen nominations give us the highest number of placements among our competitors and the industry as a whole in this year's Wealth Professional Awards. I couldn’t be prouder of our people,” said Danny Popescu, CEO of Harbourfront Wealth Management. To view the full WPAwards 2022 Nomination List, please click here: https://wpawards.ca/winners-excellence-awardees/2022#a
About Harbourfront Wealth Management
Harbourfront Wealth Management is a Canadian-owned independent advisory firm servicing growth-oriented advisors and high-net-worth clients with approximately $4 billion of assets under administration and $2 billion of assets under management. The company is headquartered in Vancouver, BC, and has a rapidly growing network of 23 branches across Canada. It is a member of the Harbourfront Group of Companies, which also encompasses a sub-advised Canadian Asset Management firm specializing in private securities, and Harbourfront Wealth America, a US registered investment advisory firm. Media Contact:

Ahead of New App Rollout, Harbourfront Wealth Management Earns Highest Number of Nominations in Canadian Industry Awards Program

April 25, 2022 10:05 AM Eastern Daylight Time
MONTREAL--( BUSINESS WIRE )--Mako Fintech, a financial technology platform that automates wealth management processes, announced today it has been selected by the Ontario Securities Commission (OSC) to reimagine the KYC Refresh experience, as part of OSC TestLab, Ontario’s new capital markets testing environment. TestLab connects both market participants and technology providers to experiment, learn and improve their innovative solutions through testing with one another. In late 2021, the OSC gathered external stakeholder feedback to determine “problem statements” to help solve with its TestLab. After surveying 128 registrants, 8 technology providers and 256 individual investors, the determined problem statements focus on improving client interactions and making information more accessible, especially around know-your-client (KYC), know-your-product (KYP), and suitability obligations. These areas have become a focus for participating stakeholders following recent client-focused reforms coming into effect at the end of this year. To tackle TestLab’s problem statements, Mako Fintech will be working with registered firm and test partner, Designed Wealth Management, on a streamlined, dynamic KYC refresh workflow. “Being selected by the largest securities regulator in Canada to be part of such an intentional process for much-needed innovation is momentous for us and a tremendous opportunity,” said Mako Chief Executive Officer Raphael Bouskila. As one of seven technology firms selected to participate in this year’s test lab, Mako will be an integral part of helping provide innovative solutions to market participants to address the challenges they’ve identified related to client interactions and regulatory requirements. The testing phase of the lab can last up to six months. At the completion of the program, successful participants will provide a report and work with the OSC to determine next steps. The OSC website states that the insights gained during the lab will also help their team “learn about how novel solutions contribute to our efforts to modernize regulation to reduce burden, promote economic growth and competition, and foster capital formation in Ontario’s capital markets.”
About Mako Fintech
Mako Financial Technologies launched a category-redefining platform in 2018 that allows wealth managers to bring client onboarding, renewal, and investment online seamlessly. Every player in the financial industry is experiencing digital transformation in their own way, and Mako uses this principle as its North Star. Mako's mission is to democratize the digitalization of wealth management by providing each firm with an automation solution adapted to its unique workflow processes and delivering it at a disruptively lower cost. Mako Fintech is headquartered in Montreal, Canada, and led by a team of finance and technology experts. About OSC
The Ontario Securities Commission (OSC) is an independent Crown corporation that regulates Ontario’s capital markets by making rules that have the force of law and by adopting policies that influence the behaviour of capital markets participants. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca . Contacts
Michaela Mason

Mako Fintech Selected by Ontario Securities Commission to Test Reimagined KYC Experience

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November 03, 2021 08:00 AM Eastern Daylight Time
MONTREAL--( BUSINESS WIRE )--Mako Fintech, a financial technology platform that automates wealth management processes, announced today it has been selected by Aviso Wealth as the preferred digital onboarding solution for its correspondent and institutional business, Aviso Correspondent Partners (“ACP”). ACP is one of only a handful of national custodians and carrying brokers and the first to bring this kind of dedicated technology solution to its network of portfolio managers, investment dealers, and other wealth management firms. Aviso Wealth understands that the wealth management industry is at an inflection point in terms of digital transformation. Enhancing the onboarding process is part of Aviso Wealth’s technology modernization roadmap, and key to ensuring ACP provides best-in-class experiences for its clients and their end-clients. “Until now, with existing technology solutions, it has been challenging to automate onboarding in a unified way from the firm to the custodian level,” says Kevin Vanderheyden, Senior Vice President, and Head Aviso Correspondent Partners. “With this partnership with Mako Fintech, we will further enable our clients to give Canadians leading-edge technology for building their wealth,” he says. With the ongoing shift to a remote-first digital experience, wealth managers and brokerage firms are focused on providing the best possible experience to new and existing investors, while maintaining their unique processes and systems. The need for wealth technology solutions to automate and streamline the client lifecycle has driven the rapid adoption of flexible, low-code, cloud-based platforms like Mako Fintech. Mako Fintech’s platform is able to automate and digitize all types of wealth management workflows and paperwork while maintaining regulatory compliance, even in a remote-first environment. “Mako Fintech integrates all of the required forms and unique processes into a single, unified experience from the investor, through the portfolio manager or introducing broker, all the way to the custodian,” says President and CEO Raphael Bouskila. “The flexibility of Mako’s platform enables partners to think beyond customer onboarding to what additional applications of our technology could be applied to automate and modernize advisor and investor experiences.”
The long-term goal of the partnership with Aviso Wealth is to create a modern advisory experience for all Canadian portfolio managers and investment dealers. Portfolio managers and advisors appreciate that Aviso Wealth is unifying its existing technology infrastructure, starting with a simplified, straight-through onboarding process. ACP clients can now spend less time on paperwork and back-office processes and more time on building meaningful relationships and growing their businesses. ACP has launched an initial group of clients on the new digital onboarding platform, and is preparing to expand availability to more partners beginning this fall. About Mako Fintech
Mako Financial Technologies launched a category-redefining platform in 2018 that allows wealth managers to bring client onboarding, renewal, and investment online seamlessly. Every player in the financial industry is experiencing digital transformation in their own way, and Mako uses this principle as its North Star. Mako's mission is to democratize the digitalization of wealth management by providing each firm with an automation solution adapted to its unique workflow processes and delivering it at a disruptively lower cost. Mako Fintech is headquartered in Montreal, Canada, and led by a team of finance and technology experts. About Aviso Wealth
Aviso Wealth is one of Canada’s largest independent wealth management firms, with approximately $100 billion in assets under administration and management. Aviso Wealth’s multi-service platform includes Aviso Correspondent Partners, which provides custodial and carrying broker services to financial organizations including portfolio managers, investment dealers, insurance and trust companies, and introducing brokers. Aviso Wealth’s MFDA- and IIROC-regulated dealer services and insurance agencies support thousands of financial advisors at credit unions across Canada. Asset manager NEI Investments is a Canadian leader in responsible investment funds and portfolios. Award-winning online brokerage Qtrade Direct Investing™ and automated investing platform VirtualWealth® empower self-directed investors to build their wealth with confidence. Aviso Wealth is backed by the collective strength of our owners, the credit union Centrals, The Co-operators/CUMIS, and Desjardins. To learn more, visit aviso.ca . NEI Investments is a registered trademark of Northwest & Ethical Investments L.P. Qtrade Direct Investing is a division of Credential Qtrade Securities Inc. VirtualWealth is a trade name of Credential Qtrade Securities Inc. Contacts
Wojtek Dabrowski

First-of-its-Kind Partnership Between Aviso Wealth and Mako Fintech Brings Digital Onboarding to Canadian Advisors and Investors

September 24, 2021 08:00 AM Eastern Daylight Time
MONTREAL--( BUSINESS WIRE )--Mako Fintech, a leading fintech platform that automates wealth management workflows, is pleased to announce that it has established a world-class executive team with the additions of three senior leaders to the organization. The refined leadership team comes in response to rapidly increasing client demand. Sheila Chau , one of Canada’s leading experts in digital transformation for the wealth management industry, has been appointed Vice President of Mako’s Solutions Engineering division, where she will be overseeing the implementations of account opening and investment workflows for all of Mako’s client firms. She joins after a 20-year career in financial services, most recently onboarding major wealth managers and financial institutions onto account opening systems at Broadridge Financial Solutions. Ms. Chau’s track record prior to Broadridge includes major digital transformation implementations at Fidelity Clearing Canada, TD Bank and DundeeWealth (now Scotiabank). Ms. Chau holds a B.Sc. (Hons.) in Actuarial Science and Statistics from the University of Toronto, as well as the Project Management Professional and Certified Agile Scrum Master certifications. Shawn Prodgers , an expert in measuring success and optimizing corporate performance, is joining Mako as Vice President of Operations & Finance. He joins after a 15-year career as a management accountant, most recently at Parkland Corporation, where he oversaw the planning and optimization of refined procurement processes and led the business intelligence portfolio of the Supply, Wholesale and Distribution divisions. At Mako, he will be responsible for ensuring Mako’s compliance with international data protection and controls standards, as well as overseeing overall financial and operational procedures. Mr. Prodgers holds a B.Comm in Accounting from Concordia University’s John Molson School of Business. He is a CPA, CMA and serves as a Partner with Social Venture Partners Calgary. Mako is also announcing the appointment of Kevin Victor as Vice President of Sales. In this new role, he will be responsible for establishing Mako Fintech as the leading brand for custom automation solutions in the global wealth management sector. He joins after positions overseeing sales operations and customer solutions at EY-Parthenon, Lightspeed Commerce, and TD Canada Trust. Mr. Victor holds a B.Comm in Accounting from Concordia University’s John Molson School of Business, and an MBA from HEC Montreal. “We’re looking forward to working with Sheila, Shawn and Kevin to bring our clients the world’s best wealth management solutions,” said Raphael Bouskila, Founder and CEO of Mako Fintech. “Their experience, energy and raw talent will be incredibly valuable to us in the coming years.” Following on Mako’s recently announced corporate financing round led by Desjardins Capital, Mr. Bouskila also noted that “the top executive talent that we’re attracting to our Montreal headquarters cements this city’s reputation as a Canadian Fintech leader.”
Concurrently to the announced additions, Mako Fintech also expanded its capabilities with the addition of product and HR leaders to its management team. Mako continues to hire for positions across the company, with roles updated regularly at https://mako.breezy.hr . To learn more about Mako Fintech and its comprehensive vision for superior client service in wealth management through cloud-based automation, visit https://makofintech.com or follow Mako on its official LinkedIn account: https://www.linkedin.com/company/makofintech/ . About Mako Fintech
Mako Financial Technologies launched a category-redefining platform in 2018 that allows wealth managers to bring client onboarding, renewal, and investment online seamlessly. Every player in the financial industry is experiencing digital transformation in their own way, and Mako uses this principle as its North Star. Mako's mission is to democratize the digitalization of wealth management by providing each firm with a custom automation solution adapted to its unique workflow processes and delivering it at a disruptively lower cost. Mako Fintech is headquartered in Montreal, Canada, and led by a team of finance and technology experts. Contacts
Wojtek Dabrowski

Following Major Client Growth, Mako Fintech Adds Powerful Reinforcements to Executive Team

PortfolioAid provides compliance management software for wealth professionals. Its products include PortfolioAid360 and Insight360. The company was founded in 2001 and is based in Toronto, Canada.

PortfolioAid

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 .

Ontario Securities Commission administers and enforces securities law in the province of Ontario, Canada. The mandate of the OSC is to provide protection to investors from unfair, improper, or fraudulent practices, to foster fair, efficient, and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk.

Ontario Securities Commission

Aviso Wealth is the wealth management corporation formed from the merger between Credential Financial, Qtrade Canada, and NEI Investments.

Aviso Wealth

CoPower

McGill University

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors. 

Wealth Tech

Fintech

Canadian fintech

Seed VC

Mako Financial Technologies' mission is to democratize the digitalization of wealth management by providing each firm with an automation solution adapted to its unique workflow processes and delivering it at a lower cost.

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
8/3/2021	Seed VC	$1.59M	Desjardins Capital, and Mary Karamanos		0 FY undefined	5
2/11/2019	Angel		Subscribe to see more		0 FY undefined	10

Date	8/3/2021	2/11/2019
Round	Seed VC	Angel
Amount	$1.59M
Investors	Desjardins Capital, and Mary Karamanos	Subscribe to see more
Valuation
Revenue	0 FY undefined	0 FY undefined
Sources	5	10

First funding	Last Funding	Investor	Rounds	Type	Location
8/3/2021	8/3/2021	Desjardins Capital	1 Seed VC	Corporate Venture	Canada
00/00/0000	00/00/0000	Mary Karamanos	Subscribe to see more	Angel Investor (Individual)	Canada
00/00/0000	00/00/0000	Stephen Bronfman	Subscribe to see more	Angel Investor (Individual)

First funding	8/3/2021	00/00/0000	00/00/0000
Last Funding	8/3/2021	00/00/0000	00/00/0000
Investor	Desjardins Capital	Mary Karamanos	Stephen Bronfman
Rounds	1 Seed VC	Subscribe to see more	Subscribe to see more
Board Seats
Type	Corporate Venture	Angel Investor (Individual)	Angel Investor (Individual)
Location	Canada	Canada

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