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Aquiline Capital Partners acquires RIA in a Box

Aquiline Capital Partners, a New York-based private equity firm investing in financial services and technology, has acquired RIA in a Box, software as a service (SaaS) provider of compliance solutions to the registered investment adviser (RIA) industry.

Financial terms of the deal have not been disclosed.
In a complex and evolving regulatory environment, RIA in a Box provides compliance workflow solutions to wealth managers. The company assists with initial RIA registration, provides ongoing compliance software post-formation, and helps compliance officers at larger firms to oversee more complex organisations. The company also offers other SaaS-based services such as CRM, billing, and other operational tools for wealth managers.
“RIA in a Box provides solutions for wealth managers to operate with greater efficiency while they manage the industry compliance burden. The company is at a nexus of two high-growth markets in the RIA and compliance industries, and we are eager to offer even more tools to serve this space,” says Will Bressman, CEO of RIA in a Box.
“The team at RIA in a Box has built an innovative compliance solution benefiting both wealth managers and their clients,” says Jeff Greenberg, Chairman and Chief Executive Officer of Aquiline. “This is an exciting time for the company, and we look forward to supporting management during this next phase of growth.”
Aquiline also announced the appointment of Barnaby Grist, a former senior executive at Schwab Advisor Services and Cetera Financial Group, as Executive Chairman of the Board of RIA in a Box.
“The management team has built a market-leading business, and I see multiple opportunities to increase market penetration and expand the suite of services provided to clients,” says Grist. “The company will pursue organic growth initiatives as well as an acquisition strategy in the wealth management software and compliance industry.”
GJ King, President of RIA in a Box, adds: “We are thrilled to continue to lead the business while partnering with Barnaby and the Aquiline team, which has deep experience in the wealth management and compliance industries. This is a massive market opportunity and, with them, we have great support to accelerate our growth trajectory.”
Aquiline was advised by Marlin & Associates and RIA in a Box was advised by Raymond James & Associates on the transaction.

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