GBST acquires fintech solution WealthConnect

GBST financial planning software fintech

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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”. 
 

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