Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services and technology, acquired RIA in a Box LLC, a software as a service provider of compliance solutions to the registered investment adviser (RIA) industry.
No financial terms were disclosed.
Led by Will Bressman, CEO, and GJ King, President, RIA in a Box provides compliance workflow solutions to wealth managers. The company assists with initial RIA registration, provides ongoing compliance software post-formation, and helps compliance officers at larger firms to oversee more complex organizations.
The company also offers other SaaS-based services such as CRM, billing, and other operational tools for wealth managers.
Aquiline also announced the appointment of Barnaby Grist, a former senior executive at Schwab Advisor Services and Cetera Financial Group, as Executive Chairman of the Board of RIA in a Box.