Archway Technology Partners is to acquire WealthTouch Holdings (WealthTouch), a provider of consolidated investment reporting services to ultra-high net worth families, family offices, wealth advisors and foundations.
Terms of the transaction have not been disclosed.
The acquisition of WealthTouch accelerates Archway’s growth strategy as it pursues new opportunities in the wealth management industry. By combining the best of both firms, Archway will be the undisputed leader in providing technology solutions and outsourcing services to private wealth management firms.
“Over the past twelve years, Archway has built a strong brand known for delivering next-generation technology and exceptional client service across the private wealth management community,” says Jason Brown, Archway’s CEO. “The opportunity to acquire WealthTouch serves as a strategic move for our organisation to significantly extend our market reach and create an even more robust product and service offering for our current and future clients. This is a very exciting milestone in the history of Archway, as well as the wealth reporting industry, and we look forward to the promising road ahead.”
“We are excited to join the Archway team and believe that the synergies between our two companies will result in a truly market-defining firm. The combined company will have nearly USD200 billion in assets under reporting and serve the full spectrum of the complex private wealth market,” says Craig Pearson, President of WealthTouch. “Our clients, and the market in general, will benefit from the scale and scope of services we will provide and together we will continue to lead the industry in technological and operational innovation.”
