The innovative creations of financial technology companies seem limitless.

Due to the all-encompassing nature of computing power and the internet, fintech companies are able to offer financial services through digital platforms in a much cheaper and robust way.

Now two firms in Canada are hoping to conquer yet another financial service using digital innovation.

Tridus Wealth Management and fintech firm Cassia Research Inc are joining forces to offer a fintech solution to wealth management.

Tridus, a wealth management firm out of Vancouver, is patterning with fintech firm Cassia to offer a cloud-based wealth management platform to its clients.

The partnership hopes to utilize technology to bypass many of the hurdles that traditional wealth management companies must face. Harry McLaughlin, CEO of Tridus, says the partnership could potentially reduce wealth management fees by up to 25 percent.

The two firms also hope to disband traditional office spaces and instead provide mobile devices, laptops and tables to their financial advisers to use during client meetings.

The partnership also hopes to remove the use of paper work, and instead use digital documents for superior organization.

The partnership cited multiple studies showing how financial advisers were behind the times when it comes to utilizing new technology such as mobile devices.

They also noted how millennials were already comfortable with using technology such as e-signatures, and noted that the use of such technologies was severely lacking in the wealth management sector of finance.