GeoWealth, a Chicago, IL-based modern asset management program (TAMP) built for advisors, raised a $19m in Series B funding.
The round was led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, with a follow‐on investment from J.P. Morgan Asset Management, a strategic investor in GeoWealth since 2018.
The additional capital will allow the company to expand its product, engineering, and distribution teams.
Led by Colin Falls, President, GeoWealth is an asset management platform (TAMP) and financial technology solution with more than $16B in platform assets and $7B in AUM, built specifically for the needs of modern RIAs.
Serving approximately 1,000 independent advisors, the integrated technology enables advisors to access a diversified lineup of model portfolios and fully offload mid‐ and back‐office responsibilities, including performance reporting, billing, portfolio accounting and more.
FinSMEs
05/11/2021