TIFIN, a fintech platform applying artificial intelligence to wealth and asset management, announced today that it is expanding a charitable giving platform, Louise by TIFIN, that helps its clients invest in donor-advised funds.
Louise now includes a multi-custodial platform, upgraded security compliance and expanded investment options. Users can also create a long-term family plan with contribution and gift targets.
The platform updates were made possible by TIFIN’s acquisition of Amicus.io, the founding company of DAF 2.0, a white-label donor-advised fund offering originally designed for consumer banks. The details of the transaction were not announced on Tuesday.
“As the industry is well aware, there are growing and urgent needs for wealth managers to personalize, incorporate values in investing, optimize taxes and connect with the next generation. Advisors can achieve all these objectives, all at the same time, with Louise,” said Dr. Vinay Nair, CEO and founder of TIFIN, in released comments. “With the acquisition of Amicus, we now have a modern set of pipes powering Louise that allows all advisors to offer Louise to all their clients, regardless of size.”
Named after Louise Carnegie, wife of philanthropist Andrew Carnegie, Louise offers a digital software platform for financial advisors to give clients a personalized donor-advised fund (DAF) to engage their entire family with charitably aligned investing.
Louise currently allows for giving at the most minimal levels to 1.5 million eligible charities.
According to TIFIN, RIAs, advisors and other wealth manages using Louise currently have a combined AUM of $38 billion.