FolioDynamix, a provider of unified managed accounts technology and services, has acquired SunGard Advisory Technologies, which provides investment management and wealth management platform solutions to financial services organizations nationwide, including brokerage firms, RIAs, asset management firms and banks.
Terms of the transaction were not disclosed. As it is folded into FolioDynamix, SunGuard will be renamed FDx Advisors.
More than 12,000 advisers use the FolioDynamix FDx platform to serve 3.5 million accounts each day. The platform supports a wide array of managed accounts products, including unified managed accounts, unified managed households, separately managed accounts, mutual fund advisory and rep-as-manager. These, in turn, contain equities, fixed income, exchange-traded funds, mutual funds, options and other alternative assets.
Adding SATs deep services to the technically robust FDx platform creates a new paradigm in the managed accounts business, said FolioDynamix President and Chief Executive Officer Joseph Mrak. This acquisitions success brings together the best visionary leaders and expertise in unified managed accounts. We can be everything from a turnkey asset management program to a pure technology sale and everything in between.