Smarsh, a private equity-owned compliance and regulatory tech firm for wealth management firms and banks, has acquired Entreda, a provider of cybersecurity solutions firm for wealth managers.
Entreda, which is based in Santa Clara, Calif., will continue to operate under its own brand, and under the direction of CEO and co-founder Sid Yenamandra as a stand-alone, wholly owned subsidiary of Smarsh, which is based in Portland, Ore.
Terms of the acquisition were not disclosed.
The acquisition enables Smarsh to provide enterprise-level cybersecurity risk and compliance capabilities to its broker-dealer, registered investment adviser and bank clients, the company said in release.
Chinese stocks have been flying for the past month. Should US wealth managers go along for the ride?
The investment giant said Social Security numbers, driver's licenses, and other sensitive information was compromised by a third party using newly established accounts.
The employee-owned hybrid firm's latest hire in Fairfax reportedly managed $285M at his previous firm.
The hurricane is the latest severe-weather event in a retirement destination, underscoring the concerns about climate change that clients bring up, financial planners say.
The tech-driven alts platform will provide support to advisors seeking customized portfolio access for their high-net-worth clients.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
Morningstar’s Joe Agostinelli highlights strategies for advisors to deepen client engagement and drive success
