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Wealth management platform provider FolioDynamix acquires Access Partners

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FolioDynamix, a provider of web-based wealth management technology, content and services for managing the full investment and wealth advisory lifecycle, has closed on the acquisition of Access Partners, a registered investment advisor (RIA) firm specialising in trust investment management and operations, in an all-cash transaction.



The move strengthens FolioDynamix’ market share in the bank trust channel and uniquely positions the company as the only provider to deliver a single wealth management platform that can be leveraged by both bank trusts and brokerages to manage the full advisory and portfolio management lifecycle across all accounts.

Firms that have both trust and retail brokerage channels will be able to bridge the gap with FolioDynamix’ unified wealth management platform.

Access Partners brings depth in bank trust advisory services, broad connectivity into bank trust systems and a strong roster of high-quality managers, all of which complement FolioDynamix’ full wealth lifecycle technology platform, multi-custodian connectivity capabilities and advisory services business.

“Access Partners is excited about joining the FolioDynamix family,” says Robert Mehringer, chief executive of Access Partners and new member of the FolioDynamix executive team. “Our clients will benefit from our move to a stronger wealth management technology platform and the ability to expand beyond separately managed accounts into model portfolios. Our advisory team is looking forward to having greater resources to draw on in attracting and servicing clients and being able to offer new innovative programmes.”

“We are pleased to welcome the Access Partners team and client base to FolioDynamix,” says Joseph Mrak, president and chief executive of FolioDynamix. “Access Partners brings a great deal to our business – including an expanded set of SMA managers, research and client access, consulting and field support resources, and a tremendous amount of expertise in the bank trust space. We look forward to improving the user experience and program selection for Access Partners clients as we enable them to benefit from FolioDynamix’ full lifecycle wealth management technology platform and access to new unified managed account (UMA) offerings. Our combined entity is uniquely positioned to lead the market in modern wealth management platform solutions and to provide unmatched innovation in the bank channel by furthering our vision of a common bank platform across trust and retail accounts.”

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