Plano-based UPTIQ has acquired Focus Treasury and Credit Solutions LLC, a partnership of independent, fiduciary wealth management firms.
UPTIQ, a pioneer in holistic wealth management solutions for the financial services industry, said the acquisition significantly enhances its AI-enabled technology by combining its automation and digital/intuitive self-service with FTCS’s client-centric approach to providing custom cash and credit solutions to financial advisers.
UPTIQ Founder and CEO Snehal Fulzele said the Focus team’s “unique expertise and demonstrated experience curating tailored cash and credit solutions for financial advisors is the perfect complement to our existing suite of tech-enabled financial solutions.”
“The acquisition offers our clients an unparalleled combination of tech and touch, giving them more ways to deliver financial flexibility to their clients,” Fulzele added in a statement.
FTCS was a wholly owned subsidiary of Focus Financial Partners Inc. Terms of the deal were not disclosed.
Founded in 2022, UPTIQ said it modernizes holistic wealth management for financial advisers by expanding services beyond traditional investments.
Following the transaction’s close, FTCS will be renamed and rebranded as UPTIQ Treasury and Credit Solutions LLC (UTCS), and Focus will become a shareholder in UPTIQ.
UPTIQ cites these highlights of the acquisition:
High-Tech and High Touch. The acquisition combines high-tech and high touch, pairing UPTIQ’s state-of-the-art technology with UTCS’s specialized expertise and hands-on, client-centric approach.
Enhanced Product Offering. The acquisition of UTCS allows UPTIQ to expand its product offering to include deposits, securities-backed loans and lines of credit, and brokered mortgages.
Expanded Distribution. With a combined client base of more than 300 advisory firms — including more than 3,200 active financial advisors — and a lender network of more than 130 banks, credit unions, and non-bank lenders, the acquisition gives UPTIQ immediate distribution.
“We’re excited to be expanding our relationship with UPTIQ,” Eric Amar, chief growth officer of Focus, said in a statement. “Merging the FTCS business into their platform creates a truly differentiated and powerful solution for our advisors and clients and the industry at large.”
UPTIQ said the leadership teams of both companies are committed to a smooth transition that provides continuity of service for existing clients. It said that FTCS clients can look forward to accessing a broader range of financial and technology solutions through UPTIQ.
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