Seller Details:
Integrated Portfolio Solutions (“IPS”) is a leading tech-enabled portfolio administration reporting solution in Australia. The Company utilises a unique combination of technology and service to provide a ‘whole-of-wealth’ non-custodial platform that addresses the pain points of portfolio administration and reporting. IPS currently services investment advisers, family offices, financial planners, and ultra-high net worth direct clients.
Buyer Details:
Established in 2022 through the combination of Wealth02 and ROAR software, DASH Technology Group (“DASH”) is an Australian based financial planning software and investment platform focused on solving problems across the end-to-end advice process. DASH offers flexible solutions that provide efficiencies to financial advisers and solve critical issues for the broader wealth industry. The platform integrates advice services that enables advisers to deliver services with increased efficiencies, lower cost, flexible portfolio management, managed accounts, and a transparent low-cost superannuation product.
Transaction Summary:
DASH Technology Group has entered into a binding agreement to acquire Integrated Portfolio Solutions, expanding DASH’s financial planning and investment administration solutions to provide cost-effective, scalable advice in Australia. Terms of the deal were not disclosed.