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.
Apex Fintech Solutions Acquires AdvisorArch to Bolster Wealth Management Offerings
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 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.
Apex Fintech Solutions Acquires AdvisorArch to Bolster Wealth Management Offerings
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 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.
