NEW YORK – December 4, 2018Canoe Intelligence (Canoe), today announced it has been shortlisted for The Family Wealth Report Awards 2019.

Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted advisor communities, the awards recognize companies, teams and individuals deemed to have demonstrated innovation and excellence during 2018.  

“Canoe is leading the charge against manual data entry,” said Seth Brotman, Canoe CEO.  “We are thrilled The Family Wealth Report is recognizing the positive impact our technology is having on the industry.”  

Canoe launched in October as first-of-its-kind technology to eliminate manual data entry for alternative asset investors. Canoe’s technology allows institutions, LPs, and family offices to automate data extraction and document management and refocus capital and human resources on business performance and growth.  

Today’s sophisticated allocators manage complex portfolios including scores of alternative investments such as hedge funds, private equity and venture capital.  As a result, allocators are inundated with up to 50,000 documents annually, containing 200,000 or more critical transaction, valuation and performance data points. Firms have historically relied on teams of individuals or offshore groups to manually manage data extraction and document storage, leading to industry-wide frustrations due to errors, latency, spiraling costs, and lack of control.

Canoe Solves Data Problem

Canoe solves these problems using a scalable and proprietary AI engine. Canoe’s technology recognizes, validates and extracts unstructured investment data across asset classes, ownership structures, and document types. The data is organized digitally for easy and immediate access, and can be seamlessly fed into any portfolio reporting, accounting, and analytics platforms. Most importantly, Canoe frees up valuable human capital previously burdened by manual data processes, allowing firms to redirect talent to business and investment tasks.

ClearView Financial Media’s Chief Executive, and Publisher of Family Wealth Report, Stephen Harris, was first to extend his congratulations to the shortlisted firms.  He said: “The firms who have been shortlisted in these awards are all worthy competitors, and I would like to extend my heartiest congratulations.  These awards are judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics.  That is a unique, and I believe, compelling feature. These awards will recognize the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in wealth management.  Our aim is to make these annual Awards one of the brightest, and keenly contested highlights in the wealth management calendar.”

Winners will be announced in New York on March 20, 2019, at the Mandarin Oriental.

About Canoe Intelligence

Canoe’s technology allows institutions, LPs, and family offices to automate data extraction, data management and other operational processes and refocus capital and human resources on business performance and growth.  Canoe’s AI-driven platform was developed in 2013 for a billion-dollar, multi-family office and today is relied upon by more than 70 institutional investors, advisors, and family offices. www.canoesoftware.com