Bringing you live news and features since 2006 

Innovest acquires PDS Companies


Innovest has completed the acquisition of PDS Companies (PDS), a financial technology and services provider based out of Arlington, Texas that specialises in unique and hard-to-value assets (real estate, closely held companies, oil & gas, farm & ranch, notes and mortgages).

“The PDS team has a great deal of expertise in the highly complex but rapidly growing alternative asset market,” says Glenn Schmidt, chief executive officer of Innovest. “In addition, PDS has a longstanding reputation for its commitment to outstanding customer service. The expertise of the staff and the loyal client relationships are both a big part of what we found attractive in the deal. We are looking forward to welcoming the PDS team to Innovest.”
PDS has been in business for over 30 years and operates several divisions including financial technology software, operational outsourcing, consulting services, and tax services. PDS serves a range of institution types including Ultra High Net Worth (UHNW), Family Office, and International Banks. PDS has created the only integrated platform for the preservation, management, and oversight of unique and hard-to-value assets held in the fiduciary context in the country.
Glynn Broussard, chief executive officer of PDS, says:, “Innovest’s investment represents a significant opportunity for us. Innovest has long been ahead of the curve in the financial technology space and is a proven market leader. We are very pleased with the growth opportunities this presents us with and we look forward to working with the Innovest team.”
Broussard and other key management members of PDS will be staying on with Innovest.
The acquisition closed on 18 August, 2017. Terms of the deal have not been disclosed.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by