MoneyOwl client absorption is latest feather in iFast’s cap

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.