Over 180 Technology M&A Transactions since 1998
50+ Years of Operational Expertise Across Managing Partners

Charlotte, NC; January 10, 2023 – DecisionPoint, a leader in M&A advisory services for middle-market technology companies, announced today that its client, Agreement Express, has sold its digital onboarding technology and related wealth management assets to Advisor360, a builder, integrator, and deliverer of technology for wealth management firms. Once the technology is integrated, Advisor360° will be able to seamlessly support investment and insurance accounts at every major custodian and clearing firm and offer a wider range of integrations with industry-leading CRM providers.

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Advisor360°’s integrated technology platform, including its award-winning Digital Onboarding capabilities, solves business challenges for financial advisors and operations at wealth management firms. Agreement Express is known for its ability to execute account openings with custodians and clearing firms that support independent registered investment advisers (RIAs), including Charles Schwab, Fidelity, Pershing, and TD Ameritrade.

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The acquisition, Advisor360°’s first, was completed on December 23, 2022. The transaction includes the transfer of technology, intellectual property, clients, and professionals from Agreement Express’s wealth management business. Agreement Express’s payment solutions business was acquired by NMI, a full-commerce enablement technology company, in early December 2022.

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“Advisor360° gives wealth managers technology solutions that transform the way they connect with clients, which is why this transaction was a perfect fit,” said Rich Napolitano, Chief Executive Officer of Advisor360°. “2022 was a year of strong organic growth for Advisor360°. With our first acquisition completed, we’re not slowing down: the Agreement Express transaction meaningfully accelerates our ability to offer expanded choice and connectivity on our platform and we’ll continue to raise the bar in 2023 and beyond.”

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Advisor360° expects its existing platform will be enhanced by the newly acquired assets in other areas, including expanded automation and streamlining of paper and electronic workflows; simplified information gathering, organization, and bundling; new digital signing features; and bulk advisor onboarding for team hires or new office acquisitions.  

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“We’re thrilled that this business is now a part of one of the wealth management industry’s largest providers of integrated technology solutions,” said Dave O’Brien, Chief Executive Officer of Agreement Express. “Like Advisor360°, we appreciate that the best technology offers flexibility and choice, streamlining processes to help firms grow.”

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The Agreement Express acquisition also expands Advisor360°’s increasingly global footprint and talent pool by bringing on board staff from the company’s workforce in Canada. In 2022, Advisor360° opened its first non-U.S. location with new offices in Bengaluru, India.

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Business as Usual for Clients and Employees

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In the near term, the transaction will not impact Advisor360°’s operations, employees, or service and support of current clients. The team that supports Agreement Express’s existing wealth management business and clients will continue in their current roles at Advisor360°.

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Over time, all Advisor360° clients—including those from Agreement Express—will have the opportunity to benefit from enhanced platform innovation and integrations that result from the transaction.

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“We’re excited to welcome our new Agreement Express colleagues and clients to Advisor360°. As we look ahead to 2023, it’s business as usual—which means more innovation for our clients’ benefit,” said Napolitano. “We’ll build, buy, and partner strategically, according to plan, and remain fiercely committed to executing on the service, support, and product development that our clients expect from us.”

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About Advisor360

Advisor360° builds, integrates, and delivers technology for wealth management firms. The company’s award-winning integrated and open architecture SaaS platform brings a connected digital wealth experience to financial advisors, their clients and the home office, so that firms can drive better outcomes and innovate quickly. Advisor360° clients benefit from timesaving capabilities and streamlined workflows when it comes to portfolio and performance reporting, financial planning, insurance, proposal generation, trading and model management, digital onboarding, document management, analytics and compliance. The company’s proprietary Unified Data Fabric™ (UDF) is the foundation of its platform, weaving together shared services and pre-built integrations that work with existing technology stacks. The company is headquartered in Weston, Massachusetts, with offices in Bengalaru India, Ireland and a remote workforce in Canada.

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Today, three million households with $1 trillion in assets benefit from the connected Advisor360° experience. To learn more, visit www.advisor360.com.
 

About DecisionPoint
DecisionPoint is a unique leader in M&A advisory services for middle-market technology companies and their venture capital investors in the software, services, cleantech, biotech, healthcare IT and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Tom Wilson, Managing Partner; (704) 560-1415; twilson@decisionpointint.com

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