Canoe and Ellevate Partner to Optimize WealthTech Solutions for Alternative Investors
NEW YORK, February 13, 2023 – Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms, and Ellevate, a technology consulting and platform optimization services firm, today announced a strategic consulting partnership.
For wealth management businesses with investments in alternative assets, Canoe and Ellevate will collaborate to provide a turnkey experience. Whether clients lack in-house resourcing or expertise to manage Canoe or are looking for an end-to-end alternative reporting solution, Canoe and Ellevate can work together to ensure mutual clients are getting the full ROI on their technology spend.
Ellevate was founded in 2023 by Michelle Odom. Prior to founding Ellevate, Michelle built solutions for some of the largest and most complex RIAs and family offices at SS&C’s Black Diamond Wealth Platform. Michelle is joined by a team of wealth management and technology experts who support RIAs in all aspects of their work, from digital transformation consulting and technology optimization to full platform operations, implementation services, and M&A transition management services.
“At Ellevate, we empower growth-minded RIAs with cutting-edge tech consulting and services designed to optimize their tech stack. Our focus on centralizing and automating alternative investment reporting aligns seamlessly with the mission of Canoe,” said Michelle Odom, Founder & CEO of Ellevate. “This partnership of industry-leading alts technology and investment operations excellence creates a future where innovation and efficiency converge for maximum industry impact.”
Over 275 institutional investors, asset servicers, capital allocators, and wealth managers leverage Canoe Intelligence to automate their most time-consuming manual alternative investment processes. The Canoe Partner Program is designed to create a seamless experience for clients with a system-agnostic, client-first approach to integrations.
“It’s an honor to formally welcome Ellevate to the Canoe Partner Program. We originally became familiar with Ellevate due to their expertise in supporting our mutual clients through their implementations of Black Diamond,” said Kim Raymonde, Director of Partnerships and Integrations at Canoe Intelligence. “When working with partners, our goal is to help mutual clients determine the solutions that work the best and make the most sense for their unique business needs. Ellevate embodies that same approach, from advising clients on tech selection to assisting with the implementation or optimizing the tech they already have to its fullest potential.”
This announcement follows the news of several Canoe product suite expansions towards the end of 2023, including Canoe Pro, a comprehensive solution that integrates expert services into the client experience, and plans to develop and deliver Canoe Asset Data through a design partnership with 13 existing clients. These product development programs build upon Canoe’s recent successes, including 100% year-over-year growth and a strategic $25 million Series B financing round in February 2023. Canoe continues to advance operational excellence through the expansion of its platform and product suite, exemplifying its commitment to innovation and industry-leading product development in the alternative investment industry.
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About Canoe Intelligence
Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms, and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe’s technology automates the highly frustrating, time-consuming, and costly manual workflows related to alternative investment document and data management, extraction, and delivery. With Canoe, clients can refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data. Canoe’s AI-driven platform was developed in 2013 for Portage Partners LLC, a private investment firm. The company discusses wealth management, institutional investment, and technology topics on its blog. Learn more at www.canoeintelligence.com.
About Ellevate
With Ellevate, your firm gets a team of industry experts that bring a healthy balance of discipline and technology solutions to improve operational efficiencies and scalability allowing wealth management firms to focus on their core strengths, deepening client relationships and growing a successful business.
Our team of experts will dig deep with your team and your platforms to ensure both your adoption and operational workflows clear the way for your firm’s growth strategy. We provide comprehensive consulting and the resources you need to optimally operate your technology platforms on your behalf to ensure you are getting the most ROI on your technology spend.
Solve business continuity challenges and get dedicated access to the industry’s top talent – at a fraction of the cost it would take to attract, hire and retain the same talent in house.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com