Wealth Technologies Inc., operator of a digital wealth management platform called WealthTech, said it received an investment from merchant bank Broadhaven, according to a company announcement.

The amount of the investment was not disclosed.

"WealthTech has made conceptual breakthroughs in providing financial advice to large, diverse segments of the population," said Greg Phillips, co-founder of Broadhaven and an investor in WealthTech. "Their highly experienced and accomplished team has developed intelligent, algorithmic solutions that address both the scalability and economics of the business model that could profoundly impact how personal financial services will be delivered in the future."

WealthTech offers a flagship product called FGPS, which uses machine learning to help individual investors make personal finance and wealth allocation decisions.