Wellington Financial Backs FolioDynamix

Wellington Financial has provided $4 million in venture debt financing to New York based FolioDynamix, a provider of a web-based technology platform for wealth management.


Wellington Financial LP, a privately-held specialty finance firm, today announced a US$4 million venture debt financing for FolioDynamix, of New York. FolioDynamix offers wealth service providers and investment advisors the most comprehensive web-based technology platform for managing the full wealth management lifecycle across all account types, including unified managed account and unified managed household programs.


“FolioDynamix provides wealth management firms with leading-edge technology to attract and retain the best advisors and more efficiently run the business,” said Craig Netterfield, Senior Vice President of Wellington Financial LP. “FolioDynamix’ unique software-as-a-service approach allows clients to address their top priorities with the right mix of technology and research, quickly and with minimal IT overhead. We are delighted to add FolioDynamix to our ever-expanding U.S. portfolio.”


Joseph Mrak, President and CEO of FolioDynamix said, “Partnering with Wellington Financial provides us with additional growth capital to support our continued expansion while delivering the modern technology, programs and information companies need to lead in the new era of wealth management.”


FolioDynamix is backed by some of the leading venture capital and strategic investment firms, including Edison Ventures and ABS Capital. About Wellington Financial LP Wellington Financial LP is a privately-held specialty finance firm providing term, venture and amortizing loans up to $30 million. Wellington Financial LP is currently managing a $450 million investment program via Wellington Financial Fund III, with offices in Toronto, Canada and Santa Monica, California. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (cvg:TSX), who jointly have contributed a large financial stake to Fund III. LPs include several of Canada’s largest institutional investors, crown corporations, financial institutions and pension funds. Please visit the fund website at www.wellingtonfund.com , or the Wellington Financial team blog at www.wellingtonfund.com/blog .


Since 2004, Wellington Financial LP has led or participated in more than $400 million in transactions, making it one of the most active funds of its kind in North America.


About FolioDynamix


FolioDynamix offers a complete enterprise wealth management technology platform on which wealth management firms can support the entire fee-based advisory lifecycle – from proposal generation to trading and rebalancing to performance reporting and governance – across all accounts. As a result, firms can accelerate business growth and realize greater operational efficiency, more active compliance, increased advisor productivity and improved client service.


SOURCE Wellington Financial LP


Copyright (C) 2012 PR Newswire. All rights reserved