Digital wealth platform enables financial advisors and banks to offer broader investment options and services to more customers.

Wayne, PA — Alden Investment Group, a firm that provides a premier technology platform for investment products and wealth services, is proud to announce an investment from the Castle Creek Launchpad Fund.

This strategic initiative from a community-bank-backed fintech venture fund aims to expand the reach of Alden’s Wealth Advisory and Turnkey Asset Management Platform and transform investment solutions offered for financial advisors, banks, and other participants with high-value comprehensive wealth offerings and low-cost digital delivery.

The Castle Creek Launchpad Fund has 34 banks as limited partners nationwide. The Fund strategically invests in and promotes fintech companies that offer value to banks and depository investors. A pivotal force in shaping the future of finance, the Fund’s investment in Alden not only underscores the confidence in Alden’s robust financial platform but also validates Alden’s innovative approach to delivering financial services to a variety of groups, including financial advisors, banks, investment firms and directly to investment clients.

“Adding Castle Creek Launchpad as a strategic investor provides Alden with the capital, capabilities and validation to allow us to reach our firm goals on an accelerated timeline,” said Lee Calfo, Alden’s CEO. “We appreciate Castle Creek Launchpad’s view of Alden as a technology-driven disrupter in the financial services space and are excited at the value they bring us on multiple levels.”

“Too many families lack access to planning and wealth management services. Alden’s tech platform allows banks and financial advisors to provide wealth protection and investment options that have typically only been available to the highest net worth clients,” said Ryan Gilbert, founder of Launchpad Capital. “They’re harnessing digital delivery with local relationships to offer better wealth management at a lower cost.

Alden will, in part, utilize the investment capital to grow and strengthen its Private Client Group, enhancing its suite of services tailored for advisors and financial institutions. With established collaborations spanning numerous depository institutions across the U.S., this investment paves the way for faster and more significant expansion in this domain.

Gregory Hansell, co-Chief Executive Officer of the Private Client Group, expressed his enthusiasm: “We are thrilled to announce our partnership with Castle Creek Launchpad, a vanguard in the venture capital space with an unwavering commitment to transforming financial services enterprises. Their belief in Alden Investment Group’s vision reinforces our drive to innovate and lead. With this investment, we are poised to expediently elevate our Private Client Group to new horizons. We eagerly anticipate welcoming elite advisory teams who share our passion and dedication. Together, we are not just envisioning the future of financial services – we are shaping it.”

Alden will also utilize proceeds from this investment to expand and enhance its Turnkey Asset Management Platform (TAMP), which is uniquely built for a wide variety of users, including financial advisors, banks, and other private capital groups. “Castle Creek Launchpad’s strategic investment is a catalyst in our goal to provide investment solutions to a broader number of clients across Alden’s internal advisors, banks seeking to offer advisory services, and our strategic partners in real estate, private equity, and family offices. We are enthused to have a partner who mirrors our vision for the future of financial services, built around delivering traditional and alternative investment solutions through one modern platform,” said Aaron Williams, Alden’s Managing Director. “This investment, in parallel with our equity advisor model and customizable investment platform, makes for an exciting future in terms of advisor recruiting as well as retail client and advisor practice acquisition.”

About The Castle Creek Launchpad Fund

This joint fund, managed by Castle Creek Capital and Launchpad Capital, invests in early-stage fintech companies that are transforming the future of financial services through partnerships with regulated financial institutions, including the fund’s 34 community bank limited partners.

About Alden Investment Group

Alden is an innovative investment firm that aspires to be the premier platform for financial advisors, banks, and investment groups seeking to offer clients investment products and services. The Alden Investment Group manages several regulated entities, including registered investment advisors, a broker/dealer and several investment funds, and is active in asset management, insurance, and advisory solutions. Alden provides more and takes less from those it works with. The firm has a significant commitment to technology, transparency and operational efficiency. Alden offers a broad and diverse menu of services delivered efficiently and securely, allowing groups that work with Alden to have superior results for themselves and their clients.

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