Company Profiles

US Wealth Platform Eyes Further Strong Growth After MFO Deal

Tom Burroughes Group Editor May 23, 2024

US Wealth Platform Eyes Further Strong Growth After MFO Deal

Hard on the heels of chalking up a deal with a US multi-family office, d1g1t speaks to this news service about its growth ambitions.

A US wealth management platform for advisors, RIAs and multi-family offices says it aims to expand client numbers to more than 100 by 2026, from its existing base of about 70.

“That’s definitely our growth trajectory,” Tate Haymond, chief revenue officer at d1g1t, a firm that also has offices in Canada, told this publication in a recent call. 

d1g1t provides enterprise wealth management software that enables clients to monitor and manage complex client portfolios with a broad range of holdings. The rise of such firms speaks to how organizations such as multi-family offices, RIAs and others often prefer to outsource this kind of work rather than undertake it in-house, reflecting a desire to tap into specialized knowledge and manage costs.

Family Wealth Report spoke to d1g1t after Gresham Partners, an MFO based in Chicago, chose its enterprise platform. The contract is a coup for d1g1t because Gresham Partners serves about 120 ultra-high net worth individuals and families, collectively holding approximately $9 billion in assets. Other multi-family offices in the US include firms such as BBR Partners and Crestone Partners. d1g1t’s financial backers include clients such as CI Financial, National Bank and Purpose Financial as well as venture capital firms, such as Extreme Venture Partners; Illuminate Financial, and MissionOG.

The Gresham business fits d1g1t’s pattern of clients “quite nicely,” Haymond said. “We have solved a lot problems that high net worth portfolios have today.”

Haymond, who's based in Georgia, brings plenty of experience to the role, having been in his post since September 2021. Prior to this (2013 to Septempher 2021), he was global head of sales, asset owners, for eVestment and, before that, global sales head for PerTrack (a firm acquired by eVestment). 

The firm has about 80 staff and its headcount leans heavily toward expertise in financial engineering.

With multi-family offices moving more into areas such as global private market investing, etc, it increases the need for tech solutions to help keep people on top of details, such as capital calls, liquidity, proper performance calculations, multiple currencies, and others, Haymond said. 

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