GoLogiq is to continue growing its wealth management capabilities by acquiring Nest Egg.
The proposed transaction, which is subject to customary closing terms, aims to add Nest Egg’s wealth-building platform for Gen Z and millennial consumers to GoLogiq’s range of FinTech and mobile solutions, the firms said in a Tuesday (Jan. 31) press release.
“We welcome (Nest Egg CEO Trent McKendrick) and his highly capable and accomplished executive team,” GoLogiq interim CEO Brent Suen said in the release. “As they continue to advance the Nest Egg platform, they will help us realize our vision for a comprehensive FinTech platform that supports underserved businesses and consumers across the U.S. and around the world.”
The acquisition includes Nest Egg’s mobile solution for discovering, planning and automating retirement savings and Nest Egg subsidiary BeyondTrade Securities’ investment products and services, according to the press release.
The Nest Egg app, which is currently in beta, includes automated savings and investment tools, personalized investment…