In a move
to bolster its wealth management offerings, Apex Fintech Solutions has acquired
a portfolio management firm specializing in automated rebalancing and
investment allocation tools for financial advisors. The fintech announced the
acquisition of AdvisorArch, aiming to enhance its RIA Custody & Execution
Platform with a suite of digital advice tools.
The
acquisition aims to strengthen Apex’s products by integrating AdvisorArch’s
suite of digital advice tools. These tools will enable wealth management firms
to streamline processes and deliver exceptional client experiences at scale.
AdvisorArch’s
automated rebalancing capabilities will help advisors, fintechs, and retail
investors standardize investment allocations through model management and
increase efficiency by automating rebalancing processes.
“AdvisorArch
solves critical pain points that finally give midsize RIAs a meaningful
edge,” said Priya Malani, the Founder & CEO of StashWealth. “The
platform allows us to rebalance all of our accounts across multiple models
easily with only a few clicks, saving us a tremendous amount of time.”
The
platform supports tax loss harvesting, direct indexing, fractional share
trading, and concentrated position management, seamlessly integrating with
advisors’ existing portfolio management tools.
Unlocking Additional
Benefits
Bill
Capuzzi, the CEO of Apex Fintech Solutions, emphasized the company’s commitment
to adapting its fintech brokerage offerings to meet the evolving needs of the
next generation of financial advisors.
“This
acquisition strategically fills a crucial gap in our platform, providing access
to the most advanced, customizable, and scalable rebalancing and direct
indexing solution on the market,” he said.
The
acquisition will unlock the industry-leading ability for financial
advisors to access direct indexing without minimum account sizes or transaction
amounts.
“Our
deep integration into Apex’s RIA Custody and Execution Platform will make it
seamless for traditional advisors and fintechs to automate their rebalancing
process while also offering additional services such as tax-loss harvesting
capabilities and direct indexing,” Mike Kerins, the former Co-CEO of
AdvisorArch who is joining the Apex team, commented on the
integration.
Apex Fintech Solutions
Eyes US IPO
Apex
Fintech Solutions has revived its aspirations for an initial public offering in
the United States. The company confidentially filed its draft registration
statement with the Securities and Exchange Commission in December, signaling
its intent to go public.
This move
comes after Apex Fintech Solutions terminated a planned SPAC merger deal in
2021, which had initially paved the way for the company to become a
publicly-traded entity. While the company has confirmed its IPO plans, specific
details regarding the number of shares and their pricing have not been
disclosed yet.
In addition
to its IPO plans, Apex Fintech Solutions has been actively expanding its
offerings and partnerships. In 2023, the company’s subsidiary, Apex Silver,
joined forces with Broadridge Financial Solutions, a publicly-listed fintech
company, to provide a comprehensive solution for cost basis processing and tax
information reporting for the financial services industry.
Furthermore,
in 2022, the New York State Department of Financial Services approved the
application of Apex Crypto LLC, a crypto-related subsidiary of Apex Fintech
Solutions, for a virtual currency license, commonly known as BitLicense. This
approval allows Apex Crypto LLC to operate in the rapidly growing
cryptocurrency space, diversifying the company’s offerings.
In a move
to bolster its wealth management offerings, Apex Fintech Solutions has acquired
a portfolio management firm specializing in automated rebalancing and
investment allocation tools for financial advisors. The fintech announced the
acquisition of AdvisorArch, aiming to enhance its RIA Custody & Execution
Platform with a suite of digital advice tools.
The
acquisition aims to strengthen Apex’s products by integrating AdvisorArch’s
suite of digital advice tools. These tools will enable wealth management firms
to streamline processes and deliver exceptional client experiences at scale.
AdvisorArch’s
automated rebalancing capabilities will help advisors, fintechs, and retail
investors standardize investment allocations through model management and
increase efficiency by automating rebalancing processes.
“AdvisorArch
solves critical pain points that finally give midsize RIAs a meaningful
edge,” said Priya Malani, the Founder & CEO of StashWealth. “The
platform allows us to rebalance all of our accounts across multiple models
easily with only a few clicks, saving us a tremendous amount of time.”
The
platform supports tax loss harvesting, direct indexing, fractional share
trading, and concentrated position management, seamlessly integrating with
advisors’ existing portfolio management tools.
Unlocking Additional
Benefits
Bill
Capuzzi, the CEO of Apex Fintech Solutions, emphasized the company’s commitment
to adapting its fintech brokerage offerings to meet the evolving needs of the
next generation of financial advisors.
“This
acquisition strategically fills a crucial gap in our platform, providing access
to the most advanced, customizable, and scalable rebalancing and direct
indexing solution on the market,” he said.
The
acquisition will unlock the industry-leading ability for financial
advisors to access direct indexing without minimum account sizes or transaction
amounts.
“Our
deep integration into Apex’s RIA Custody and Execution Platform will make it
seamless for traditional advisors and fintechs to automate their rebalancing
process while also offering additional services such as tax-loss harvesting
capabilities and direct indexing,” Mike Kerins, the former Co-CEO of
AdvisorArch who is joining the Apex team, commented on the
integration.
Apex Fintech Solutions
Eyes US IPO
Apex
Fintech Solutions has revived its aspirations for an initial public offering in
the United States. The company confidentially filed its draft registration
statement with the Securities and Exchange Commission in December, signaling
its intent to go public.
This move
comes after Apex Fintech Solutions terminated a planned SPAC merger deal in
2021, which had initially paved the way for the company to become a
publicly-traded entity. While the company has confirmed its IPO plans, specific
details regarding the number of shares and their pricing have not been
disclosed yet.
In addition
to its IPO plans, Apex Fintech Solutions has been actively expanding its
offerings and partnerships. In 2023, the company’s subsidiary, Apex Silver,
joined forces with Broadridge Financial Solutions, a publicly-listed fintech
company, to provide a comprehensive solution for cost basis processing and tax
information reporting for the financial services industry.
Furthermore,
in 2022, the New York State Department of Financial Services approved the
application of Apex Crypto LLC, a crypto-related subsidiary of Apex Fintech
Solutions, for a virtual currency license, commonly known as BitLicense. This
approval allows Apex Crypto LLC to operate in the rapidly growing
cryptocurrency space, diversifying the company’s offerings.
