MoneyOwl client absorption is latest feather in iFast’s cap
Raphael Lim
WEALTH management platform iFast Corporation is taking over the investment and insurance business of financial advisory company MoneyOwl.
The latter – which had been operating as a social enterprise – had decided to wind down its business after five years of operations, citing high operating costs and low revenue.
The two companies already had a prior relationship, with MoneyOwl using iFast’s B2B platform and custodian services.
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