FolioDynamix, a provider of web-based wealth management technology has closed on the acquisition of Access Partners, a premier registered investment advisor (RIA) firm specializing in trust investment management and operations, in an all-cash transaction. Wellington Financial provided $4 million in venture debt financing to FolioDynamix early last year.
FolioDynamix, a leading provider of web-based wealth management technology, content and services for managing the full investment and wealth advisory lifecycle, today announced that it has closed on the acquisition of Access Partners LLC, a premier registered investment advisor (RIA) firm specializing in trust investment management and operations, in an all-cash transaction. This strategic move strengthens FolioDynamix’ market share in the bank trust channel and uniquely positions the company as the only provider to deliver a single wealth management platform that can be leveraged by both bank trusts and brokerages to manage the full advisory and portfolio management lifecycle across all accounts. Firms that have both trust and retail brokerage channels will be able to bridge the gap with FolioDynamix’ unified wealth management platform.
Access Partners brings significant depth in bank trust advisory services, broad connectivity into bank trust systems and a strong roster of high-quality managers, all of which provide an excellent complement to FolioDynamix’ full wealth lifecycle technology platform, multi-custodian connectivity capabilities and strong advisory services business.
“Access Partners is excited about joining the FolioDynamix family,” stated Robert Mehringer, CEO of Access Partners and new member of the FolioDynamix executive team. “Our clients will benefit from our move to a stronger wealth management technology platform and the ability to expand beyond separately managed accounts into model portfolios. Our advisory team is looking forward to having greater resources to draw on in attracting and servicing clients and being able to offer new innovative programs.”
“We are pleased to welcome the Access Partners team and client base to FolioDynamix,” said Joseph Mrak, president and CEO of FolioDynamix. “Access Partners brings a great deal to our business – including an expanded set of SMA managers, research and client access, consulting and field support resources, and a tremendous amount of expertise in the bank trust space. We look forward to improving the user experience and program selection for Access Partners clients as we enable them to benefit from FolioDynamix’ full lifecycle wealth management technology platform and access to new unified managed account (UMA) offerings. Our combined entity is uniquely positioned to lead the market in modern wealth management platform solutions and to provide unmatched innovation in the bank channel by furthering our vision of a common bank platform across trust and retail accounts.”
Bringing innovation, insight and agility to the wealth management and investment advisor communities, FolioDynamix offers the most comprehensive web-based technology platform for managing the full wealth advisory lifecycle – including proposal and onboarding, research, model management, portfolio accounting, trade order management, operations, reporting, and performance analytics – across all account types. Unlike other wealth management technology platforms, FDx SingleSight is completely developed, hosted and supported by FolioDynamix – eliminating silos and empowering advisors with a single platform to manage all customer accounts. The platform provides broker dealers, banks, custodians and service providers with leading-edge technology to attract and retain top advisors, accelerate client acquisition and gain end-to-end visibility into all assets under management for improved efficiency, better compliance, and enhanced client service.
About Access Partners
Access Partners was founded in 1999 and is a premier fee-based investment management firm specializing in Trust investment management and operations. With a proven solution across numerous trust accounting systems, Access Partners successfully works with trust companies operating throughout the country with tens of billions in fiduciary assets and hundreds of millions in separate account assets. Access Partners has grown to over $1 billion in assets under direct advisement with relationships ranging from $500,000 to $90 million. Access Partners, LLC and affiliates, are federally registered investment advisors under the Investment Act of 1940 and under the auspices of the Securities and Exchange Commission.