GeoWealth, a Chicago, IL-based provider of a proprietary technology and turnkey asset management platform (TAMP), raised a USD18M growth investment led by BlackRock (NYSE: BLK).
Kayne Anderson Growth Capital, the dedicated growth capital strategy of Kayne Anderson, which led GeoWealth’s Series B funding in 2021, participated in the round, as did J.P. Morgan Asset Management, a strategic investor in GeoWealth since 2018.
The company intends to use the funds to support the continued development of offerings that enable advisors to meet client demand for access to an increasingly broad range of asset types in a unified account.
Led by CEO Colin Falls, GeoWealth is a provider of a turnkey asset management platform (TAMP) and financial technology solution built specifically for the needs of modern RIAs. Its integrated technology enables advisors to access a diversified lineup of model portfolios and offload mid-and back-office responsibilities, including performance reporting, billing, portfolio accounting and more. Via its customizable open-architecture platform, GeoWealth enables advisors and firms to grow faster and serve clients more efficiently
Commenting on the news, Colin Falls said: “As we continue to invest in our proprietary technology, we will build new offerings that provide RIAs with a flexible, customizable and user-friendly platform. We’re deeply appreciative of our capital partners for their continued support of our business and growth ambitions.”
FinSMEs
25/07/2024