WealthKernel Company Research Report
Company Overview
Name
WealthKernel
Mission
Empowering a better, more accessible wealth industry through investment, savings, and wealth infrastructure.
Founded
WealthKernel was founded in 2015.
Founders
No information is available.
Key People
James Dingwall has been named a Strategic Adviser.
Headquarters
41 Luke St, London, UK, EC2A 4DP
Number of Employees
No information is available.
Revenue
No information is available.
Known For
WealthKernel is known for being a provider of investment infrastructure via API, facilitating digital wealth and investment services. It is a top 100 WealthTech company globally, a member of Technation's Fintech 3.0, and was awarded WealthTech of the Year 2022 at the Fintech Awards London.
Products
Overview
WealthKernel offers various investment infrastructure solutions that are modular and flexible, providing wealth and investment services via API.
User Onboarding
- Description: Easier onboarding process
- Features: Tailored onboarding flow rules, risk and suitability questions, automatic KYC and AML checks.
Accounts
- Description: UK tax wrappers and account support
- Features: Offers ISAs, GIAs, SIPPs, and JISAs.
Account Funding
- Description: Various funding methods
- Features: Supports BACS, CHAPS, direct debits, open banking, instant matching deposits, recurring payments, and standing orders.
Transfers
- Description: Asset transfer functionality
- Features: Allows cash or in-specie transfers.
Custody
- Description: Custody services
- Features: Fully licensed, custodial services for UK client money and assets.
Trading
- Description: Trading infrastructure
- Features: Thousands of fractional securities trading across markets in multiple currencies.
Portfolio Management
- Description: Portfolio management tools
- Features: Manages models, rebalances portfolios programmatically, tracks performance data.
Transaction Reporting
- Description: Reporting solutions
- Features: Feeds into FCA’s portal, eliminating external reporting needs.
Appointed Representative
- Description: Market entry support
- Features: Allows companies to market faster without FCA authorization.
Recent Developments
New Products Launched
- Savings Accounts: Partnership with Griffin to expand product portfolio (December 4, 2024).
New Partnerships
- Fint Invest: Partnered to empower young investors (June 11, 2024).
- GetGround: Launched Investment Pots (April 30, 2024).
Features Added
- Real-time Trading: Launched real-time trading functionality (March 28, 2024).
New Geographic Expansion
- European Expansion: Expanded into Europe with a Spanish license (October 3, 2024).
Regulatory Developments
- Dual-Country Regulation: Dual-regulated in the UK by FCA and in the EU by CNMV*.
- WealthKernel is ISO 27001:2022 certified, emphasizing information security compliance.
Conclusion
WealthKernel continues to innovate and expand its offerings and partnerships, providing versatile and secure investment infrastructure that caters to both fintech start-ups and established wealth managers. With recent expansion into Europe and the introduction of new products and services, WealthKernel demonstrates a strong commitment to breaking down barriers to entry in the wealth and investment sectors.
_NOTE: UK regulation disclaimer and future risks disclosure as part of the Financial Services Compensation Scheme (FSCS): you may be entitled to compensation up to £85,000._
