Canoe Intelligence and Amplify Advisory Partners Formalize Partnership to Improve Alternatives Data Accuracy and Operations
NEW YORK, December 7, 2021 – Canoe Intelligence (“Canoe”), a financial technology company redefining data management processes for alternative investors and allocators, and Amplify Advisory Partners (“Amplify”), an independent, outsourced service provider serving Family Offices, RIAs, and institutional investment offices, today announced a strategic partnership to streamline Amplify’s alternative investment data management service powered by Canoe’s automated technology.
By partnering with Canoe, Amplify provides its clients with another industry-leading tool to facilitate data extraction, aggregation, document collection, and performance validation for their alternative investment or held-away assets.
“We’re proud to partner with leading service providers like Amplify Advisory Partners to support the growth and modernization of Family Offices, RIAs, and institutional investment firms,” said Tim Loughrey, Head of Client Success at Canoe Intelligence. “Together, we hope to empower more clients to scale their businesses with our automated technology.”
Since its commercial launch in 2018, Canoe has enabled more than 125 alternative investors and allocators to scale their businesses and has become the industry-standard approach for automating alternatives documents and data management. Canoe leverages shared intelligence from its diverse client base of institutional investors, capital allocators, asset servicing firms, and wealth managers, and a growing fund master database of over 14,000 funds across numerous asset classes. This scale enables Canoe to ingest high volumes of complex documents and create instantaneous access to actionable data.
“Implementing Canoe’s technology for our clients has already delivered breakthrough results in terms of document collection and the efficiency with which we aggregate, reconcile, and manage our clients’ alternative investment data,” said Ryan Loughran, Founding Partner of Amplify Advisory Partners. “We are thrilled to announce our strategic partnership with Canoe as their best-of-breed technology enables us to deliver a first-class experience to our clients.”
Three Bridge Wealth Advisors is one example of how the collaboration between Canoe Intelligence and Amplify Advisory Partners has enabled scale and automation at leading wealth management firms.
“With our key operational team member on leave, we found ourselves in need of additional support to manage Three Bridge’s implementation of Canoe. The Canoe team connected us to Amplify Advisory Partners, who were able to seamlessly insert themselves into the process and ensure that the onboarding progressed successfully,” said Brett Sharkey, Co-Founder & Managing Director at Three Bridge Wealth Advisors. “Amplify’s service has been tremendously valuable to the Three Bridge team and has allowed us to focus on our primary job responsibilities, knowing that Canoe’s onboarding and day-to-day operations are being managed with exceptional expertise and oversight.”
This announcement follows Canoe’s recent accomplishments including the completion of its Series A extension funding led by clients Blackstone and Carlyle, and a new team addition of Vishal Saxena as CTO. Canoe continues to grow its client engagements with institutional investors and large family offices.
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. Learn more: www.canoeintelligence.com
About Amplify Advisory Partners
Amplify Advisory Partners is an independent, outsourced service provider operating on behalf of institutional investment offices with the goal of helping them realize the strategic value of SaaS technology. Founded by entrepreneurs with a proven track record of building cutting-edge investment operations platforms, Amplify delivers efficient, scalable, and sophisticated solutions to Family Offices, RIAs, OCIOs, Charitable Organizations, Endowments, and Pension Funds. Learn more: www.amplifyadvisory.com
Forefront Communications for Canoe Intelligence