Weekly Wealthtech Report: HedgeCoVest Rebrands, Pivots Toward a TAMP

Also this week: RIA in a Box adds trade-monitoring tools, Totum Wealth has a new CEO, and CoinIRA launches cryptocurrency investments.

Totum Wealth Hires New CEO

Speaking of rebrands, Totum Wealth is rebranding itself as Totum Risk, in order to focus on the company’s efforts to find data-driven ways of evaluating client risk tolerance and exposure. The company also announced plans to relocate its corporate headquarters from Los Angeles to Atlanta, and that Larry Shumbres would be taking over as CEO. Cofounder and former CEO Min Zhang is remaining with the company as a member of the board. A company spokesperson said she stepped down as chief executive to pursue new opportunities and interests.

 

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