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FNZ to acquires YieldX, accelerating wealth management solutions across the U.S. market

By Edlyn Cardoza

January 20, 2023

  • Asset Management
  • B2C Financial Services
  • Financial Institutions

FNZ, YieldX, Fixed Income Portfolio Management Technology, Financial Institutions, B2C Financial Services, Asset Management, North America, USAFNZ, the global wealth management platform, has agreed to acquire YieldX, a U.S.-based provider of fixed-income portfolio management technology, optimisation services, and direct indexing tools for the wealth management industry.

Tom Chard, CEO of North America at 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.”

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 terms and yield based on their risk profile.

“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,” said Adam Green, Co-Founder, and CEO of YieldX.

The acquisition will further meet FNZ’s mission to deliver personalised 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 platform, enabling global financial institutions to rapidly deliver personalised 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.

“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,” Chard continued.

Green said, “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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