BetaNXT Teams with Pave Finance to Bolster Tech Capabilities for Wealth Firms

BetaNXT, a wealth management technology provider, has partnered with Pave Finance, an AI-powered portfolio management platform, to broaden its technology and automation capabilities. 

The partnership will enable financial advisors and registered investment advisors to utilize Pave’s software platform uses to construct personalized portfolios that cater to client goals, tax considerations, existing holdings, investment preferences and various economic factors. 

Additionally, BetaNXT’s clients will gain access to Pave Finance’s portfolio management, workflow automation and optimization software. 

“BetaNXT’s presence across the wealth management ecosystem creates a clear opportunity to bring Pave’s software to more firms and advisors, strengthening their optimization, personalization, transition management and tax-aware portfolio management capabilities across their client rosters,” said Edward Tedeschi, head of Strategic Partnerships at Pave. 

Recently, Pave raised $15 million in capital for its oversubscribed Series A funding round, which will go towards bolstering its recruiting efforts and expanding internal engineering functions. 

In July, BetaNXT partnered with CAIS to provide “end-to-end” workflows to streamline transaction processing, custody data integration, and reporting for advisors.  

Pave Finance, which was founded in 2021, includes subsidiaries Pave Labs, Pave Securities, and Pave Investment Advisors.