Wednesday, September 17, 2014 Last update: 4:33 PM - All Company Technology News Since 1996

Wealth Management Platform Provider FolioDynamix Acquires GlobalBridge, Advances Leadership in Bank Channel

Companies mentioned in this article: FolioDynamix

NEW YORK -- (BUSINESS WIRE) -- FolioDynamix, a leading provider of web-based wealth management technology, content and advisory services for managing the full investment and wealth management lifecycle, today announced that it has closed on the acquisition of GlobalBridge, a trusted advisory partner for banks and registered investment advisors seeking access to high quality institutional portfolio management. This strategic move, which was an all-cash transaction, further strengthens FolioDynamix’ leadership in the bank trust channel and expands its client base of registered investment advisors.

With last year’s acquisition of Access Partners, FolioDynamix uniquely positioned itself 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. The acquisition of GlobalBridge further solidifies FolioDynamix leadership position with firms that have both trust and retail brokerage channels and are looking to bridge the gap with FolioDynamix’ unified wealth management platform.

A long-time client of FolioDynamix advisory services, GlobalBridge is an excellent complement to FolioDynamix’ full wealth lifecycle technology platform and multi-custodian connectivity capabilities, and the GlobalBridge client base will fit seamlessly into the FolioDynamix family.

“We are pleased to welcome the GlobalBridge team and client base to FolioDynamix,” said Joseph Mrak, chairman and CEO of FolioDynamix. “GlobalBridge brings a great deal to our business, including experience with FolioDynamix advisory services and technology, expertise in the bank trust space and a broad client base of banks and RIAs. With the GlobalBridge acquisition we now provide advisory platform services to over 60 banks ranging from top 10 national institutions to mid-size super regional banks to small community banks, making FolioDynamix the undisputed leader in the bank channel providing end-to-end wealth management solutions.”

“GlobalBridge is excited about joining FolioDynamix,” stated Paul Perske, CEO of GlobalBridge. “We’ve been growing rapidly and this will give us even greater scalability to further accelerate that growth. By joining FolioDynamix, our clients will benefit from our move to a stronger wealth management technology platform, and we will have greater resources to draw on in attracting and servicing clients and developing new innovative wealth management programs.”

About FolioDynamix

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, registered investment advisors, 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. Visit Follow @foliodx on Twitter.

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