Conshohocken-based wealth management software startup Nest Egg has started the year strong with a new infusion of cash and addition of chief distribution officer position, writes Michelle Caffrey for the Philadelphia Business Journal.

While the company’s CEO Michael Church would not disclose the exact amount the company brought in from its most recent round, he said it had raised a “fair amount of money” from existing investors.

This include Church and OceanFirst Bank, one of the company’s clients.

Nest Egg also recently hired Steve Dowden, an industry veteran, as its first chief distribution officer. Dowden is a former CEO of National Planning Holdings, one of the nation’s ten largest broker-dealer networks before its sale to LPL Financial.

“He brings in a wealth of experience coming from that world, and quite frankly, we’re looking to disrupt it,” said Church.

Nest Egg provides community banks and credit unions with a software platform that combines robo-advising with one-on-one human interactions.

It is intended for customers who are not able to invest enough to access high-net-worth financial advisors but still want more human interaction than just online robo-advisors provide.

Read more about Nest Egg at the Philadelphia Business Journal by clicking here.

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