Bringing you live news and features since 2006 

Former Barclays Wealth Head joins WealthTech as strategic adviser

RELATED TOPICS​

Wealth Technologies (WealthTech), a provider of algorithmic financial planning and advice, has appointed Steve Houston, former head of Americas Wealth Management at Barclays Bank, as a strategic adviser.

In his role as a strategic advisor, Houston will counsel WealthTech’s leadership team on the evolution of the wealth management industry and changing needs of advisors and their individual clients. Since its founding in 2016, WealthTech has developed the technology to generate professional financial planning and advice for individuals regardless of their level of wealth, and to deliver this advice in a timely manner through both mobile applications and human-advised businesses.
 
Houston is the former head of Americas Wealth Management at Barclays Bank, where he served for six years and was a member of the Board of Directors of Barclays Capital Inc. In 2015, he helped to execute the sale of its Americas Wealth Management business to Stifel Financial. Prior to joining Barclays, Houston spent ten years at Merrill Lynch where he co-headed both the Private Client Structured Investments business and the Alternative Investments business. He began his career at Bankers Trust Company working in fixed income derivatives. He is currently a Partner at m+ Funds, an originator of regulated investment products.
 
“WealthTech’s quantitative approach to personal finance is ground-breaking yet fully-compatible with human-advised businesses,” says Houston, WealthTech Advisor. “WealthTech has developed the technology to empower a new generation of digital financial wellness apps that customers have already begun to demand.”
 
WealthTech’s flagship product, fGPSTM (Financial Goal Positioning SystemTM), is a comprehensive system that generates turn-by-turn advice and decision support with respect to cash flow, asset allocation, and investment risk, all in the context of financial goals. This year WealthTech also launched the Customised Investment Manager (CIM), a set of automated trading tools designed to help investment advisors customise and automate the delivery of their products. In less than a year since its release, CIM is powering one partner’s offering to over 200,000 individuals.
 
“Digital transformation of the wealth management industry requires deep knowledge of the current practice and the ability to predict what future clients will need and come to expect,” says Rohit D’Souza, co-founder of WealthTech. “We are delighted to have Steve’s experience and perspective as we continue to build out our innovative platform.”
 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by