Mackenzie Investments, a major Canadian asset manager overseeing billions in client assets, has selected fintech firm OneVest to power the next phase of its digital transformation. The partnership, announced in early 2025, will see OneVest's operating system underpin a new suite of digital tools, including redesigned client and advisor portals, as well as streamlined onboarding capabilities. The rollout is slated for later this year and is designed to serve Mackenzie's network of more than 40,000 advisors and their clients.
The move is part of a broader push by Mackenzie to modernize its technology stack, with a focus on reducing friction in advisor workflows and improving the client experience. The firm has been investing heavily in data infrastructure and service delivery, aiming to keep pace with a rapidly evolving wealth-management landscape where direct indexing assets have surged to $1.2 trillion, outpacing traditional ETFs and mutual funds in growth.
API-Driven Architecture at the Core
Central to the partnership is OneVest's API-first architecture, which allows for seamless integration into Mackenzie's existing enterprise systems. The platform offers a customizable, white-labeled interface that can be tailored to the asset manager's specific needs, reducing administrative burden while enhancing usability. OneVest's CEO, Amar Ahluwalia, emphasized that the technology is designed to be flexible, stating, "Modern asset management requires a shift from rigid, legacy systems to agile, modular environments. Our technology doesn't force firms to change their business; it provides the flexible engine needed to accelerate it."
The modular design of OneVest's platform is expected to give Mackenzie greater agility to adapt its systems over time, while its data architecture is built to handle high transaction volumes without compromising speed or security. This is particularly important as the firm scales its operations and seeks to deliver a consistent experience across its advisor and client base.
New Tools for Efficiency and Scale
The initiative will introduce a redesigned interface aimed at helping advisors manage day-to-day workflows more efficiently, alongside a new investor portal and mobile application to improve client engagement. These tools are intended to reduce complexity and enable faster execution, aligning with broader industry trends where operational discipline, rather than market gains, is driving top advisory firm growth, according to a recent AssetMark study.
Luke Gould, president and CEO of Mackenzie Investments, highlighted the strategic importance of technology investments in achieving better client outcomes. "Delivering a seamless, high-quality experience for advisors and investors is central to our strategy," he said. "As we continue to modernize our platforms, data, and service model, we are investing in flexible, scalable technology that enables us to move with greater speed and precision."
Broader Industry Context
The partnership comes at a time when asset managers are increasingly turning to fintech solutions to enhance their digital offerings. The wealth-management industry has seen a wave of technology investments, with firms like Franklin Templeton opening its Canvas tax platform to rival asset managers through a preferred partner program. Mackenzie's collaboration with OneVest reflects a similar push to leverage modular, API-driven technology to stay competitive in a market where client expectations are rising.
OneVest, a Vancouver-based fintech, has been gaining traction in the wealth-management space with its operating system designed for asset managers, banks, and wealth advisors. The company's platform is built to support everything from portfolio management to client reporting, and its partnership with Mackenzie marks one of its largest deployments to date.
