Dallas’ Apex Fintech Solutions has acquired AdvisorArch, a portfolio management company and modern rebalancer for financial advisors.

According to Apex, the acquisition will strengthen its RIA Custody & Execution Platform with a suite of digital advice tools that enable wealth management firms to build remarkable client experiences at scale. No financial details were released.

Apex announced in December that it has “confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.”

“Our long-standing commitment to advisory has led us to adapt our world class fintech brokerage offerings to suit the evolving needs of the next generation of financial advisors,” Apex CEO Bill Capuzzi said in a statement. “This acquisition strategically fills a crucial gap in our platform, providing access to the most advanced, customizable, and scalable rebalancing and direct indexing solution on the market.”

How the acquisition can ’empower advisors’

Capuzzi called the acquisition “a significant milestone in our journey to empower advisors.”

Apex said that AdvisorArch automates previously time-consuming processes that are crucial to providing excellent service to clients.

AdvisorArch standardizes investment allocations via model management and helps increase efficiency by automating rebalancing for financial advisors, fintechs, and retail investors alike, according to Apex. The automated rebalancer supports tax loss harvesting, direct indexing, fractional share trading, concentrated position management, and more with seamless connectivity to advisors’ portfolio management tools, the company said.

“Led by a founding team of former industry professionals, AdvisorArch solves for critical pain points that finally give midsize RIAs a meaningful edge,” Priya Malani, founder & CEO of StashWealth, said in a statement. “The platform allows us to rebalance all of our accounts across multiple models easily with only a few clicks. It saves us so much time.”

Apex said the acquisition also unlocks several additional benefits, including the industry-leading ability for financial advisors to access direct indexing without minimum account sizes or transaction amounts.

“We see the immense value their automated rebalancer brings to clients,” Olivia Eisinger, general manager of advisory at Apex, said in a statement. “We are excited to build on this value and bring more solutions to the wealth management industry that automate investment processes for RIAs so they can better serve their clients by giving advisors more time to focus on the stuff that matters, relationships and planning, not processing.”

Mike Kerins, former co-CEO of AdvisorArch will join the Apex team.

“The AdvisorArch team is excited to become part of the Apex family,” Kerins said in a statement. “Our deep integration into Apex’s RIA Custody and Execution Platform will make it seamless for traditional advisors and fintechs to automate their rebalancing process while also offering additional services such as tax-loss harvesting capabilities and direct indexing.”

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