Quorus, a Westport, CT-based technology-driven asset management services company, has raised $5 million in a Seed funding round led by WisdomTree.
The round also saw participation from Connecticut Innovations, Nassau Financial Group, and others.
Read More:Sequen Raises $16M in Series A Funding
The company plans to use the funds to support more portfolio strategies, improve features for asset managers and advisors, expand platform integrations, and invest in go-to-market efforts with asset manager partners.
The funding round comes as asset managers and advisors increasingly launch and adopt custom, tax-managed separate account solutions.
Quorus acts as an extension of the asset manager, offering the operational tools to manage thousands of separate accounts. The platform provides a unique tax overlay approach that balances tax considerations with investment goals, along with product expertise to support client-facing discussions, while managing and trading accounts on behalf of the manager and its clients.
Today, firms see the value of offering tax-managed separate accounts but often struggle to launch and manage them in line with their investment approach. Quorus works with portfolio teams to create custom portfolio offerings that combine their investment strategy with systematic tax management, while handling the daily operations of thousands of accounts—without adding staff or complexity.
Quorus’ financing comes after extensive work with several large asset management partners and strengthens the company’s presence in Connecticut. Through its broader partnership with WisdomTree, Quorus serves as the primary provider for advisors using WisdomTree SMAs and model portfolio trading services.
“Asset management is changing,” said John Hill, CFA, Co-Founder and CEO of Quorus. “Advisors who no longer want to rely on generic fund structures are looking for customised solutions that match their clients’ tax situations and portfolio goals. Quorus was created to make that possible.”
“The rise of direct indexing means managing many highly customised individual accounts instead of a few large pooled funds,” Hill said. “As more firms adopt custom, tax-managed portfolios, Quorus is ready to help asset managers offer a scalable solution that reflects their firm’s unique investment philosophy and strategies.”
“We’re excited to support Quorus as they scale their platform and expand access to tax-managed SMA solutions,” said Thomas Skrobe, Head of Portfolio Solutions at WisdomTree. “As demand for customised portfolios grows, our partnership shows a shared commitment to helping advisors deliver tailored solutions efficiently.”
“Connecticut Innovations has backed many fintech companies transforming financial services, and Quorus is an exciting step forward,” said Douglas Roth, Managing Director at Connecticut Innovations. “The Quorus team brings deep experience from top asset management and tech firms to provide tax-efficient, customised portfolio management at scale. We’re excited about their potential to give asset managers modern infrastructure and strengthen Connecticut’s fintech ecosystem.”
About Quorus
Founded in 2022 by John Hill and Scott Shumway, Quorus is a technology-driven asset manager that helps firms offer custom, tax-managed versions of their investment strategies at scale. Quorus works with asset and wealth managers to create personalised investment portfolios based on their proprietary strategies, allowing them to launch new products quickly without the complexity of managing thousands of individual accounts.
Read More:V-Glass Raises $3M in Seed Funding
