The organization delivers "remote" financial services – part of a trend driven by the digitalization of the wealth value chain. The firm has pushed into the private client space to serve HNW individuals and families.

MyRemoteFA, which provides remote financial advice, has expanded into the private client space, launching a new division. 

This division delivers personalized financial planning, estate planning, and wealth management strategies to HNW clients.

"Today's clients are comfortable working remotely and value having a dedicated professional to guide their financial plans," Brian Heapps, co-founder and CEO of GenXFinancial, said. (MyRemoteFA is a subsidiary of GenXFinancial, a US financial services group.)

As part of the expansion, MyRemoteFA has hired two new team members and added financial planning resources, the firm said in a statement. 

The head of MyRemoteFA, Alex Petrovich said the business has grown revenues by 25 per cent year-on-year, rising to $375 million of assets as of August 31.