Advisor360° nets wealthtech, fresh faces in first-ever M&A deal
Summary
"Advisor360° gives wealth managers technology solutions that transform the way they connect with clients, which is why this transaction was a perfect fit," said Advisor360° CEO Rich Napolitano, who added that 2022 was a year of strong organic growth for the company, and that this first acquisition is a sign that its not slowing down. "The Agreement Express transaction meaningfully accelerates our ability to offer expanded choice and connectivity on our platform, and well continue to raise the bar in 2023 and beyond," Napolitano said in a statement. Advisor360° officials also expect the existing platform will be enhanced by the new assets in other areas, including expanded automation and streamlining of paper and electronic workflows; simplified information gathering, organization and bundling; new digital signing features; and bulk advisor onboarding for team hires or new office acquisitions. The deal also expands Advisor360°s growing global footprint and talent pool by bringing on staff from the Agreement Express workforce in Canada. "Were thrilled that this business is now a part of one of the wealth management industrys largest providers of integrated technology solutions," Agreement Express CEO Dave OBrien said in a statement.