M&A
FNZ
The global wealth management platform has agreed to acquire YieldX, a US-based provider of fixed income portfolio management technology, optimization services and direct indexing tools for the wealth management industry.
Financial institutions, advisers and their clients will benefit from the combination of FNZ’s full-service, end-to-end platform and YieldX’s digital infrastructure and technology solutions.
Founded by Adam Green and Steve Gross in 2019, YieldX is based in Miami and has an office in New York. It services a wide range of clients, from wealth and asset managers, to B2C financial services and technology providers operating across the globe.
Following the acquisition, Green will join FNZ as chief executive of asset management, and Gross will join FNZ as head of asset management strategy. Together with the senior leadership team, they will support the broader expansion efforts for asset management products, solutions, and technology across North America.
The financial terms of the deal were not disclosed.
People moves
Wealthspire Advisors
The advice company has appointed Jandy Rowe to lead its client services.
Prior to joining Wealthspire, Rowe worked at Wipfli Financial Advisors, where she began as a client service associate and worked her way up to chief operating officer.
First Republic Bank
A 12-person team led by Derek Mohamed and Justin Merola has joined First Republic Investment Management.
Mohamed and Merola were each named managing director and wealth manager.
Stephen Greene, Brian Kelleher and Leland Mindnich were each named vice president and wealth manager.
They joined from Merrill Lynch Wealth Management.
Rockefeller Capital Management
Ladage, Smith, Garcia Wealth Partners has joined the firm’s global family office division.
It is the group’s first private advisor team to be headquartered in Austin, Texas.
The team is led by managing directors and private advisers Alex Ladage and Landon Smith. The five-person group, joining from UBS, includes senior vice president and private adviser Jorge Garcia as well as vice presidents and senior client associates Monica Vallejo and Carl Pavlich.
