NEW YORK, NY--(Marketwired - Sep 1, 2015) -  Quovo, the leading financial data science company that addresses the needs of the wealth management industry, today announced that it has closed a $4.75M funding round. The raise was led by fintech specialists Fintech Collective, with additional participation from Long Light Capital, the lead of Quovo's seed funding in 2013. Recognized leaders of the financial advisory industry, Steve Lockshin, Ron Carson, and Marty Bicknell, were among other participants in the round.

"The fintech boom, robo-advisers, and new regulations have pushed the wealth management industry into the digital revolution -- where rich data sets and on-demand analytics are driving massive changes in how advice is delivered," said Lowell Putnam, Co-Founder and CEO of Quovo. "By combining industry-leading data aggregation with a powerful Big Data platform, we are providing financial services firms and advisors with the tools they need to better serve their clients. The response we've gotten from the industry has been overpowering. In just over a year in the market, we have reached over $700B in assets on our platform. The oversubscription of this round along with the participation of both VC firms and industry giants like Steve Lockshin, Ron Carson, and Marty Bicknell, further validates our belief that data science will be the foundation on which the next generation of financial services is built. We look forward to learning from our new investors' expertise, and helping more financial professionals reach their full potential through the use of smarter data."

Brooks Gibbins, the co-founder and general partner of FinTech Collective, added, "The wealth management industry is facing a massive disruption. In order for financial professionals to adapt, they need to invest in their data capabilities, and the outdated offerings of legacy data services simply do not fit the bill. As pioneers in the fintech space, we at Fintech Collective knew immediately that Quovo would be a key player in the next transformation of the industry."

"Over the last two-plus decades I've built and served a large advisory firm and know first-hand that an adviser's practice needs to keep up with technological advances in order to thrive," said Steve Lockshin, Founder and Former CEO of Convergent Wealth Advisors & Fortigent, Founder of AdvicePeriod, and current Partner at Betterment Institutional. "Today, technology is synonymous with data. Advisors need to be better equipped with smarter data and analytics to compete in today's marketplace and survive in tomorrow's industry. As a Quovo user myself, I know that their offering is a game-changer in the wealth advisory space and that the company is at the forefront of financial data science. In the next decade, everything in the wealth advisory industry will be about data." 


Quovo is an innovative financial data science company that addresses the needs of the wealth management industry. Quovo offers an enterprise-grade data management platform that empowers financial advisers, financial institutions, and adviser-technology providers, to more intelligently aggregate, extract, manage, and analyze financial portfolio data. Quovo's full-stack platform not only provides the essential backbone for aggregation and business intelligence analytics but also offers dashboard tools to make complex data insights intuitive. For more information, please visit

Contact Information:

Jacqueline Silva
(646) 405-6336