FNZ completes acquisition of YieldX

• FNZ has completed the acquisition of YieldX, following the announcement made in January.
• Financial institutions, advisors and their clients will benefit from the combination of FNZ’s full service, end-to-end platform, and YieldX’s market leading fixed income portfolio management technology.
• The unique offering will accelerate the delivery of modern, digital, and highly personalized fixed income solutions at scale, enabled by cutting edge technology.
• Adam Green, CEO YieldX, joins FNZ as CEO of Asset Management for North America, and Steve Gross joins as Head of Asset Management Strategy for North America.
• The acquisition furthers FNZ’s presence and market leading capabilities in the U.S., accelerating its mission to open up wealth.
  

 

22 February 2023, Miami: FNZ, the global wealth management platform, has confirmed the completion of its acquisition of YieldX, a US-based provider of fixed-income portfolio management technology and optimization services for the wealth management industry.

The acquisition brings together the full-service end-to-end platform of FNZ with YieldX’s market-leading digital infrastructure and technology solutions, providing financial institutions, advisors, and their clients with innovative, personalized fixed-income solutions. These innovative capabilities, which will be integrated into FNZ’s wealth platform, enable clients to scan the universe of fixed-income opportunities globally, and quickly identify the outcomes that mirror their desired term and yield, based on their risk profile.

As a result of the acquisition, Adam Green, co-founder and CEO of YieldX, has joined FNZ as CEO of Asset Management, North America, and Steve Gross has joined as Head of Asset Management Strategy for North America. Together with the senior leadership team, they will support the expansion of asset management products, solutions, and technology across North America.

Tom Chard, CEO North America, FNZ, said: “The acquisition of YieldX is a major milestone for FNZ as we continue to expand our presence and capabilities in the US market. We are excited to welcome Adam and the YieldX team to the FNZ family and look forward to continuing to provide world-class investment solutions to our clients.”

Adam Green, FNZ CEO of Asset Management, North America added: “I am thrilled to join FNZ as the CEO of Asset Management for North America. The opportunity to bring our market-leading technology and expertise to a world-class platform is a perfect fit for YieldX and I am excited to work with such a dedicated team.”

 

About FNZ

FNZ is the global platform provider in the wealth management sector, partnering with over 650 of the world’s leading financial institutions and over 8,000 wealth management firms.

With about 6,000 employees in 21 countries, FNZ’s mission is to open-up wealth, helping everyone, everywhere to invest in their future on their terms.

FNZ combines technology, infrastructure, and investment operations in a single state-of-the-art platform that frees its partners to create hyper-personalized and innovative products and services, that are seamlessly aligned with the needs of their clients.

To date, FNZ administers more than $1.5 trillion in client assets and has enabled over 20 million people, from all wealth segments, to invest in an effective, simple, and transparent way, making wealth management accessible to everyone. For more information, please visit www.FNZ.com and follow us on LinkedIn (@FNZ Group).

 

About YieldX

Founded in 2019 by senior fixed income and fintech professionals, YieldX is customizing and optimizing income investing at scale and with unparalleled efficiency. YieldX’s digital-first environment offers complete flexibility, with a choice of technology and asset management solutions, custom investment universes, and white-labelled offerings for home offices, asset managers, and financial advisors. YieldX seeks to deliver real-time outcomes that enhance results for the client and the firm. For more information about YieldX, visit YieldX.app and for important disclosures, please visit: https://yieldx.app/disclosures/.

Contact details

FNZ

Sabine Pirone, Group Head Media Relations & PR, FNZ
E: Sabine.Pirone@fnz.com
M: +44 7721 563453

YieldX

Kimberly Beck, Chief Marketing Officer, YieldX
E: Kimberly.Beck@yieldx.app
M: +1 2155344525