Bite Investments launches wealth management feature
Bite Investments, a fintech company, has launched a wealth management feature on its Bite Stream platform to connect funds with wealth managers.
According to the company, the platform allows managers to raise funds across a variety of institutional investors, which now includes wealth managers. Additionally, it streamlines the processing of the larger volume of smaller ticket sizes that are typical in this market segment.
Further, Bite Investments claims its white-labelled platform removes the operational burdens and volume concerns often mentioned in association with wealth managers’ investments into the private markets.
William Rudebeck, CEO at Bite, says: “Currently, the only efficient ways for alternative asset managers to access the wealth management industry is either through developing their own wealth management distribution solution or...