GBST acquires fintech solution WealthConnect

GBST financial planning software fintech

expand image

The financial software provider has announced its acquisition of WealthConnect, a digital advice practice management and customer relationship management (CRM) system. 

The platform would assist advisers in managing client relationships, portfolios and administration through a more streamlined workflow. 

With back-office administration and a front-end digital solution, WealthConnect was based on Salesforce, a US cloud-based software. 


GBST’s acquisition of the solution represented its overall expansion strategy to grow its suite of fintech products and services.


In addition, it would provide the firm with a complementary solution to its existing software as a service (SAAS) wealth management offerings. This would include an expanded client base, access to a growing adviser platform market, entry into new geographic regions and a partnership with Salesforce. 

Robert De Dominicis, GBST’s global chief executive, commented: “We’re excited to welcome the WealthConnect team into the GBST family and connect our wealth management expertise and products with their adviser practice and CRM capabilities”.

As fintech options continue to grow in the financial advice space, De Dominicis added that acquiring WealthConnect was the next logical step in their expansion. 

“The addition of WealthConnect broadens our suite of cloud-based technology offerings that will deliver innovation and efficiencies to advisory and wealth management businesses while driving better customer outcomes.”

Beau Dixon, chairman of the GBST board and partner at Anchorage, said: “We’re delighted to support GBST in taking another significant step in its expansion strategy and further delivery of leading cloud-based solutions to clients”. 

Read more about:


Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry




SO NOW YOU ARE NOT ONLY A FUND MANAGER BUT A MIND READER AS WELL ? (Where it should have considered the orders were man...

10 hours ago
Nathan Baker

That's great. If any loss had occurred and clients eventually sue, that will probably occur after the PI has lapsed. Adv...

10 hours 54 minutes ago
Mark Marshall

It is about time that commentary put forward by the Financial Services industry's middleman is supported with hard facts...

1 day 2 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

2 weeks ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

4 weeks 1 day ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

1 week ago