Pascal Financial integrates with Fidelity as it launches private placement offering


Pascal Financial, a Toronto-based FinTech startup, has announced that its artificial intelligence-powered platform now offers integration with Fidelity Clearing Canada, which provides custody and clearing services to brokerage firms and portfolio managers.

CEO Frances Zomer said the DealSquare offering puts Pascal in front of a broader audience of financial advisors.

Pascal Financial’s new integration comes as the company is launching a $1.5 million private placement offering via a listing on digital investment platform DealSquare. Pascal Financial, which offers a wealth management platform for financial advisors and portfolio managers, claims it took less than two months to complete the platform integration with Fidelity.

“Pascal is committed to empowering Portfolio Managers and Advisors to enhance client engagement, achieve greater business processing efficiencies and scale their practices while providing investment solutions to their clients,” said Sara Hilliard, chief operating officer of Pascal Financial. “Fidelity Clearing Canada is an important partner in delivering on these commitments.”

Founded in 2019, Pascal Financial offers an AI-powered wealth management platform. The platform’s features include a customizable model portfolio, AI-optimized portfolio rebalancing, and educational and engagement tools, all of which are designed to help streamline administrative tasks and reduce compliance risk.

The platform also provides client profiling tools that use behavioural finance principles to help users better understand their customers. Pascal Financial has stated plans to launch its platform in the United States and the Cayman Islands.

RELATED: FrontFundr approved to bring crowdfunding platform to Ontario

DealSquare offers a centralized dealer platform for private placements that digitally connects capital-raisers to investors. Frances Zomer, CEO of Pascal Financial, said the company’s DealSquare offering puts it in front of a “much broader audience of financial advisors that understand the need for digitization with wealth tech.”

In April, Pascal Financial launched Prevail, a free group of wealth-tech services, to help support financial advisors through the COVID-19 pandemic. The bundle supports advisors by helping improve client interactions through remote client engagement tools, portfolio stress testing analytics help clients better understand their investments. The offering is free until July 1.

“Pascal’s innovative platform and agile technology stack enabled them to take advantage of our latest API framework and integrate with us very quickly,” said Joel Bernard, head of sales for Fidelity Clearing Canada. “We are very pleased to be partnering with the team at Pascal and to be supporting the delivery of their AI-powered platform to portfolio managers and wealth management firms across Canada.”

Image source Pascal Financial.

Isabelle Kirkwood

Isabelle Kirkwood

Isabelle is a Vancouver-based writer with 5+ years of experience in communications and journalism and a lifelong passion for telling stories. For over two years, she has reported on all sides of the Canadian startup ecosystem, from landmark venture deals to public policy, telling the stories of the founders putting Canadian tech on the map.

0 replies on “Pascal Financial integrates with Fidelity as it launches private placement offering”