Asset Vantage acquires Financial Navigator

Both firms serve family offices with accounting, reporting tools

Apr 20, 2017 @ 11:08 am

By InvestmentNews

+ Zoom

Asset Vantage Inc., a Santa Clara, Calif.,-based provider of cloud-based asset management, accounting and reporting systems, has acquired Financial Navigator Inc., a provider of accounting and portfolio-tracking software also based in Santa Clara.

The two firms focus on family offices and multi-family offices, and have a combined customer base of more than 300 families worldwide.

Terms of the deal were not announced.

The addition of Financial Navigator will enable Asset Vantage to further penetrate the wealth management accounting software market in North America, the company said in a release.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

INTV

DOL fiduciary rule opponents and supporters sound off on Jan. 1 deadline

Senior reporter Mark Schoeff Jr. and managing editor Christina Nelson discuss the latest batch of comment letters on the regulation, this round focused on timing of the full implementation date.

Latest news & opinion

Cetera broker-dealers to pay back $3.3 million to clients overcharged for mutual funds

Over an eight-year period, the B-Ds failed to properly supervise sales charge waivers to clients in retirement plans and charitable organizations.

CAPTRUST acquires $19B RIA in its sixth deal this year

With $243 billion in assets, CAPTRUST continues to grow on its own terms.

Fiduciary advocates press CFP Board for specifics on standards changes

Meanwhile, few brokerages and their trade associations, which blasted the DOL's fiduciary rule in comment letters, are responding to the CFP Board's proposal.

Big gains attract new money to emerging markets, but should investors stay?

An estimated $6.7 billion has flowed into emerging-market stock funds and ETFs so far this year, according to Morningstar.

Attorney blasts Finra after regulator loses insider trading case

Lawyer says it was 'slimy' of Finra to publicize the case while it was still being litigated.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print