Prestige Wealth, Inc. (PWM) has released an update.
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Prestige Wealth Inc., a Hong Kong-based wealth management service provider, has announced its acquisition of Wealth AI, a Singaporean AI-driven wealth management solution provider, for $4.5 million. The deal includes a mix of cash and shares, and is expected to bolster Prestige Wealth’s technological capabilities in artificial intelligence, enhancing its offerings in AI-driven wealth management solutions. This strategic acquisition is set to close in the fourth quarter of 2024, with key Wealth AI employees remaining onboard post-transaction.
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