WealthTech FNZ snaps up YieldX


FNZ, a wealth management platform, has made its second acquisition in a week by purchasing US firm YieldX.

According to Finextra, YieldX is a US-based provider of fixed income portfolio management technology, optimisation services and direct indexing tools.

YieldX serves wealth and asset managers, B2C financial services players and tech providers operating worldwide.

FNZ said that the combination of the two firms will see financial institutions, advisors and their clients benefit from the combination of its full-service, end-to-end platform and YieldX’s digital infrastructure and technology.

These such capabilities will be integrated into FNZ’s wealth platform, which will enable clients to scan the universe of fixed-income opportunities worldwide and quickly identity the outcomes that mirror their desired term and yield.

FNZ North America CEO Tom Chard said, “YieldX’s solutions perfectly complement our existing strengths and will further differentiate our offering for the benefit of all clients.

“The acquisition also provides a unique opportunity to accelerate our growth and presence in the US as we continue to add market leading capabilities to our global wealth platform.”

Earlier this week, FNZ acquired Fondsdepot Bank, a German platform for trading and custody.

The acquisition of Fondsdepot Bank means FNZ now employs over 1,000 people and manages assets of over €120bn for more than two million customers in Germany.

Fondsdepot Bank is a platform for trading and holding of funds in Germany, with no product interests of its own.

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