Whereas many US monetary advisors are in all probability unfamiliar with Equisoft, the agency could be very a lot within the American wealth and insurance coverage market, therefore the announcement of its acquisition of Grendel on Friday.
Grendel, which has marketed itself of late as a wealth relationship administration (WRM) software, versus buyer relationship administration or CRM, has been round as a product since 2007. The CRM part of the appliance is the hub of an prolonged wealth administration platform that features account aggregation, a consumer portal, compliance instruments, buying and selling and different options in addition to integrations with many different third-party distributors.
Phrases of the deal, which went into impact Could 31, weren’t disclosed, however Equisoft did word in a ready assertion that the acquisition “advances Equisoft’s development technique within the U.S.” The agency is Montreal-based with its software program utilized by monetary establishments in 15 nations.
Whereas Equisoft might be finest identified for its insurance-related know-how choices, the agency acquired two different Canadian wealth-related know-how companies during the last two years together with Apeiron Software program Ltd. and Planist Ltd.