Pontera Overview
Pontera provides technology that allows financial advisors to manage held away accounts on behalf of their clients as part of their overall portfolio without taking custody of the accounts, enabling advisors and investors to work together on a personalized, holistic plan. Pontera serves thousands of financial advisors from all types of advisory practices, ranging from single-person advisory firms to some of the worlds largest financial institutions.
Cumulative Funding Raised Over Time ($)
Latest News
Fintech startup Pontera raises $60 mln, plans more hiring in Israel
growth-positive
Fintech company Pontera raises $45 million, changes name from FeeX CTech
Fintech company Pontera, formerly known as FeeX, has announced a $45 million funding round led by Lightspeed Venture Partners. This is the companys third funding round in a year-and-a-half, bringing its total funding to date to $80 million. Pontera has undergone a pivot in recent years and has seen significant revenue growth, reaching annual revenue in the tens of millions of dollars. The company plans to recruit an additional 150 employees, with half of them in Israel. Ponteras solution allows financial advisors to manage their clients held away accounts securely and compliantly. The funding will support the companys expansion and growth.
InvestmentExpand
growth-negative
Here's what the average American typically pays in 401(k) fees
The article discusses the fees associated with employer-sponsored 401(k) plans and highlights the lack of understanding among investors regarding these fees. It states that almost all 401(k) investors pay fees, with the average all-in cost being 0.45% of the total invested assets. The article emphasizes the importance of understanding these fees and suggests talking to HR or plan managers to lower costs. It also discusses the options for managing a 401(k) when leaving a company. The article advises against cashing out and recommends rolling over the funds into an IRA if the current plan has high fees. The article encourages gaining visibility into 401(k) plans to make the most of retirement savings.
Customers
Growth-Positive
FeeX Review: How To Pay Less In Investment Fees With FeeX
FeeX, a company that provides a free service for analyzing investment fees and suggesting less costly alternatives, has been acquired and rebranded. The companys software connects to users investment accounts, analyzes their holdings, and provides recommendations for similar investments with lower fees. The article praises FeeX for its transparency, comparisons, and free information, stating that there is currently no better solution for optimizing a portfolio for fees.
AcquisitionCustomers
growth-positive
Events Detail
The article is about a webinar hosted by FeeX on their Held Away Order Management System (OMS). The OMS allows advisors to manage and trade any held away account just like they do with custodied accounts. This helps advisors stay in compliance with financial regulators and provides a more comprehensive management approach. The webinar aims to unlock new revenues for advisors while providing a higher level of service to clients. FeeX is a company that provides mission-critical platforms for financial professionals and their clients. They work with RIAs, BDs, Custodians, and Record-keepers, including many large financial institutions. David Goldman, the Vice President of Business Development at FeeX, leads the expansion of the FeeX platforms to advisory firms and partners.
PartnersCustomers
| Sector | Fintech & Insurtech |
Funding
| Total funding | $171.8M |
| Last funding | $60M |
| Stage | C |
| Rounds | 7 |
| Investors | 9 |
Team Members
4
Employees: 201-500
Web & Social Links
| Website | pontera.com |
| Careers | Careers page |
Locations
Maskit 22, Herzliya, Israel
111 W 33rd St, New York, NY 10120, USA
Photos & Videos
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