International law firm CMS has advised Fundment, the leading next generation investment platform for financial advisers and wealth managers, on its £3.375 million investment from ETFS Capital, which will fund its UK expansion.
Fundment is a digital first wealth management platform providing an end-to-end solution for wealth firms and their clients. Fundment intends to use ETFS Capital’s investment to launch a number of significant new products, coupled with the development of enhanced functionality for existing clients.
John Finnemore, CMS partner in the Corporate Team, comments: “We are pleased to have supported Fundment on this important investment which will enable its continued growth and facilitate its UK expansion. As a firm, we are experienced at advising on equity investments of this nature, even when faced with market challenges. The success of this deal demonstrates the strength of our client and the faith that ETFS Capital has in them.”
Ola Abdul, Founder and CEO at Fundment, adds: “We really appreciate the knowledge and deep domain expertise of the CMS team, led by John Finnemore and supported by Toby Lovett. Their advice was exemplary throughout the process, as they guided us through what at times was a series of fairly complex negotiations. We are very grateful to be able to call on their expertise for this transaction.”