The latest technology news in the wealth management sector in North America.

Canoe Intelligence, Prime Buchholz
New York-headquartered Canoe Intelligence has launched Canoe Pro Tech: Asset Data PrimePlus in partnership with Prime Buchholz, an investment advisory and outsourced chief investment officer firm.

Canoe is a financial technology company powering alternative investment intelligence. 

The business of collecting, processing and reporting on investments in alternative areas such as private equity, hedge funds and real estate has expanded rapidly as capital has flowed into these areas over the past two decades.

Investment teams can combine Canoe’s document collection and data extraction capabilities with Prime Buchholz’s PrimePlus® analytics platform. Institutional investors, family offices, wealth managers, and other investors can use Canoe, it says, to automatically convert unstructured portfolio company data into actionable intelligence, slashing the time needed to analyse data and portfolios.

“We consistently hear from clients about the challenge of tracking exposure data across their growing number of portfolio companies,” Tim Loughrey, head of client success at Canoe Intelligence, said. “For many teams, this manual aggregation process has become a significant operational bottleneck. We’re excited that now, using Pro Tech: PrimePlus, investment teams can automate the most laborious steps in this process – the gathering and structuring of raw data –and instead jump straight into analysis.”

The Canoe Pro Tech: Asset Data PrimePlus makes its official industry debut this week and is immediately available to Canoe clients.