The acquisition will combine FNZ’s full service, end-to-end platform with YieldX’s fixed income portfolio management technology, which will benefit financial institutions, advisors, and their clients
Global wealth management platform FNZ has agreed to acquire YieldX, to advance the personalisation of wealth management solutions in the US market.
Established in 2019, YieldX is a US-based provider of fixed income portfolio management technology, optimisation and direct indexing tools for the wealth management industry.
The acquisition will combine FNZ’s platform with YieldX’s digital infrastructure and technology solutions, and benefit financial institutions, advisors, and their clients.
It follows FNZ’s acquisition of Germany-based independent trading and custody platform Fondsdepot Bank, last week.
Upon completion, YieldX founders Adam Green and Steve Gross will join FNZ as Asset Management CEO, and Asset Management Strategy head, respectively.
Together with the senior leadership team, Adam and Steve will support the FNZ’s asset management products, solutions, and technology across North America.
FNZ North America CEO Tom Chard said: “We have a joint vision of opening up wealth by transforming the wealth management industry through more transparent, accessible, and personalized technology solutions.
“YieldX’s solutions perfectly complement our existing strengths and will further differentiate our offering for the benefit of all clients.”
“The acquisition also provides a unique opportunity to accelerate our growth and presence in the U.S. as we continue to add market leading capabilities to our global wealth platform.”
FNZ offers a wealth management platform that combines advanced technology, infrastructure, and investment operations to deliver personalised products and services.
The company said that the acquisition is part of its ongoing efforts to enhance its offering to end investors who seek variety and transparency in their investment portfolios.
FNZ clients are enabled to benefit from fixed-income opportunities, and rapidly identify the outcomes based on their risk profile.
The acquisition will further support its goal of delivering personalised investment solutions to more consumers across the wealth management industry, said the company.
YieldX co-founder and CEO Adam Green said: “The demand for digital, personalized fixed income solutions has skyrocketed over the last year as yields have risen.
“Pairing our capabilities with the world-class platform and team at FNZ will allow us to accelerate and scale the delivery of our solutions.”
“I am very excited about the opportunity to join FNZ and work with such a dedicated team. The opportunity to leverage YieldX to support FNZ’s expansion is a perfect fit.”