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The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Etops, Finanzportal24
Zurich-headquartered wealthtech firm Etops has acquired
Finanzportal24, which provides financial planning software in
Germany.
Finanzportal24, founded in 2002 by Hubertus Schmidt, is
headquartered in Burbach. Finanzportal24’s software solutions are
used by more than 4,500 users in Germany.
“This acquisition enables us to strategically expand our offering
and provide our clients with a seamless, digital value chain –
from financial planning to portfolio management to reporting,”
Pius Stucki, group CEO of Etops, said in a statement.
The acquired firm will continue to operate independently in the
market with its team and locations in Burbach and Marburg, Etops
said.
Last year, Pollen Street Capital
acquired Etops, providing it with added firepower to expand.
Etops serves more than 550 clients such as banks, wealth and
asset managers, independent advisors, and insurance firms in
Germany, Switzerland, and other continental European markets.
Etops also recently inked a partnership with Polixis, a RegTech
and advisory firm which offers a blend of human expertise
with machine intelligence and big data.
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