GeoWealth, a Chicago, IL-based supplier of a proprietary know-how and turnkey asset administration platform (TAMP), raised a USD18M progress funding led by BlackRock (NYSE: BLK).
Kayne Anderson Development Capital, the devoted progress capital technique of Kayne Anderson, which led GeoWealth’s Collection B funding in 2021, participated within the spherical, as did J.P. Morgan Asset Administration, a strategic investor in GeoWealth since 2018.
The corporate intends to make use of the funds to help the continued improvement of choices that allow advisors to satisfy shopper demand for entry to an more and more broad vary of asset sorts in a unified account.
Led by CEO Colin Falls, GeoWealth is a supplier of a turnkey asset administration platform (TAMP) and monetary know-how resolution constructed particularly for the wants of recent RIAs. Its built-in know-how permits advisors to entry a diversified lineup of mannequin portfolios and offload mid-and back-office obligations, together with efficiency reporting, billing, portfolio accounting and extra. Through its customizable open-architecture platform, GeoWealth permits advisors and companies to develop quicker and serve purchasers extra effectively
Commenting on the information, Colin Falls mentioned: “As we proceed to spend money on our proprietary know-how, we’ll construct new choices that present RIAs with a versatile, customizable and user-friendly platform. We’re deeply appreciative of our capital companions for his or her continued help of our enterprise and progress ambitions.”
FinSMEs
25/07/2024
