Prestige Wealth, Inc. (PWM) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into PWM stock, check out TipRanks’ Stock Analysis page.