The deal will enhance acquirer’s market share in the bank trust channel, and positions it as the only single wealth management platform provider, used by both bank trusts and brokerages for advisory and portfolio lifecycle management across all accounts.
Companies, which operates both trust and retail brokerage channels, will be able to link the gap with FolioDynamix’ unified wealth management platform.
FolioDynamix president and CEO Joseph Mrak said the acquisition provides an expanded set of SMA managers, research and client access, consulting and field support resources, and expertise in the bank trust space.
The acquirer offers technology platform for managing the full wealth advisory lifecycle across all account types such as proposal and onboarding, research, model management, portfolio accounting, trade order management, operations, reporting, and performance analytics-.
The company’s FDx SingleSight platform offers broker dealers, banks, custodians and service providers with technology to attract and retain advisors, accelerate client acquisition and continuous visibility into all assets under management for improved efficiency and better compliance.
