FNZ to acquire YieldX, accelerating the personalization of wealth management solutions across the U.S. market

19 Jan 2023

The acquisition furthers FNZ’s presence and market leading capabilities in the U.S., accelerating its mission to open up wealth

  • Financial institutions, advisors and their clients will benefit from the combination of FNZ’s full service, end-to-end platform, and YieldX’s market leading fixed income portfolio management technology. 
  • The unique offering will accelerate the delivery of modern, digital and highly personalized fixed income solutions at scale, enabled by cutting edge technology. 
  • Adam Green, CEO YieldX, will join FNZ as CEO of Asset Management for North America, and Steve Gross will join FNZ as Head of Asset Management Strategy for North America. 
  • The acquisition furthers FNZ’s presence and market leading capabilities in the U.S., accelerating its mission to open up wealth. 

19 January 2023, Miami: FNZ, the global wealth management platform, has agreed to acquire YieldX, a U.S.-based provider of fixed income portfolio management technology, optimization services and direct indexing tools for the wealth management industry. 

Financial institutions, advisors and their clients will benefit from the unique combination of FNZ’s full-service, end-to-end platform and YieldX’s digital infrastructure and technology solutions. These innovative capabilities, which will be integrated into FNZ’s wealth platform, enable clients to scan the universe of fixed-income opportunities globally, and quickly identify the outcomes that mirror their desired term and yield, based on their risk profile. 

The acquisition will further meet FNZ’s mission to deliver personalized investment solutions to more people across the wealth management industry. This is part of FNZ’s ongoing focus on innovation, aiming to provide more investment options at scale as end investors increasingly seek variety and transparency in their investment portfolios. 

FNZ combines cutting-edge technology, infrastructure, and investment operations into a single, state-of-the-art platform, enabling global financial institutions to rapidly deliver personalized services and innovative wealth products that are seamlessly aligned with the needs of their clients. 

Founded by Adam Green and Steve Gross in 2019, YieldX is based in Miami and has an office in New York. It services a wide range of clients, from top-tier wealth and asset managers, to B2C financial services and technology providers operating across the globe.

Following the acquisition, Adam Green will join FNZ as CEO of Asset Management, and Steve Gross will join FNZ as Head of Asset Management Strategy. Together with the senior leadership team, they will support the broader expansion efforts for asset management products, solutions, and technology across North America.

Today, FNZ administers more than $1.5 trillion in client assets representing over 20 million investors worldwide. It partners with over 650 large financial institutions and 8,000 wealth management firms in 21 countries, including abrdn, Barclays, Colonial First State, Envestnet, Generali, Lloyds Bank, Santander, and Vanguard.

Tom Chard, CEO North America, FNZ, said: “We have a joint vision of opening up wealth by transforming the wealth management industry through more transparent, accessible, and personalized technology solutions. YieldX’s solutions perfectly complement our existing strengths and will further differentiate our offering for the benefit of all clients.” 

“The acquisition also provides a unique opportunity to accelerate our growth and presence in the U.S. as we continue to add market leading capabilities to our global wealth platform. We’re incredibly pleased to welcome Adam and Steve, as well as the wider YieldX team to FNZ. Like us they are highly innovative, customer obsessed and are an invaluable addition to our team.” 

Adam Green, co-founder and CEO of YieldX, said: “The demand for digital, personalized fixed income solutions has skyrocketed over the last year as yields have risen. Pairing our capabilities with the world-class platform and team at FNZ will allow us to accelerate and scale the delivery of our solutions.” 

“I am very excited about the opportunity to join FNZ and work with such a dedicated team. The opportunity to leverage YieldX to support FNZ’s expansion is a perfect fit.” 

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