FNZ, the global wealth management platform, has confirmed the completion of its acquisition of YieldX, a US-based provider of fixed-income portfolio management technology and optimization services for the wealth management industry.
The acquisition “brings together the full-service end-to-end platform of FNZ with YieldX’s market-leading digital infrastructure and technology solutions, providing financial institutions, advisors, and their clients with innovative, personalized fixed-income solutions.”
These innovative capabilities, “which will be integrated into FNZ’s wealth platform, enable clients to scan the universe of fixed income opportunities globally, and quickly identify the outcomes that mirror their desired term and yield, based on their risk profile.”
As a result of the acquisition, Adam Green, co-founder and CEO of YieldX, has joined FNZ as CEO of Asset Management, North America, and Steve Gross has “joined as Head of Asset Management Strategy for North America.”
Together with the senior leadership team, they will “support the expansion of asset management products, solutions, and technology across North America.”
Tom Chard, CEO of North America, FNZ, said:
“The acquisition of YieldX is a major milestone for FNZ as we continue to expand our presence and capabilities in the US market. We are excited to welcome Adam and the YieldX team to the FNZ family and look forward to continuing to provide world-class investment solutions to our clients.”
Adam Green, FNZ CEO of Asset Management, North America, added:
“I am thrilled to join FNZ as the CEO of Asset Management for North America. The opportunity to bring our market-leading technology and expertise to a world-class platform is a perfect fit for YieldX and I am excited to work with such a dedicated team.”
As covered, FNZ is “the global platform provider in the wealth management sector, partnering with over 650 of the world’s leading financial institutions and over 8,000 wealth management firms.”
With about 6,000 employees in 21 countries, FNZ’s mission is “to open-up wealth, helping everyone, everywhere, to invest in their future on their terms.”
FNZ explains that it “combines technology, infrastructure, and investment operations in a single state-of-the-art platform that frees its partners to create hyper-personalized and innovative products and services, that are seamlessly aligned with the needs of their clients.”
To date, FNZ reveals that it “administers more than $1.5 trillion in client assets and has enabled over 20 million people, from all wealth segments, to invest in an effective, simple, and transparent way, making wealth management accessible to everyone.”.