iAltA has acquired BridgeFT, a cloud-native, API-first Wealth Infrastructure software company, for an undisclosed amount. This corporate acquisition sees iAltA taking ownership of BridgeFT, which specializes in enabling financial institutions, FinTech innovators, TAMPs, and registered investment advisors to deliver data-driven outcomes for their clients. The transaction marks a significant move in the wealth management technology sector, consolidating BridgeFT's innovative platform under iAltA.
BridgeFT is known for powering digital wealth management ecosystems and automating critical back-office operations. Its platform seamlessly aligns essential wealth data, proactive client insights and reporting, and portfolio management automation to deliver personalized client experiences. From an integrated advisor solution to the industry's only WealthTech-as-a-Service platform offering open APIs, BridgeFT provides the infrastructure needed to power next-generation wealth management applications, trusted by leading financial services firms and technology companies.
The acquisition is strategically aimed at enhancing iAltA's offerings by integrating BridgeFT's robust and flexible wealth infrastructure. This move is expected to strengthen iAltA's capabilities in providing comprehensive solutions that address the evolving needs of financial institutions and advisors. By combining BridgeFT's API-first approach and deep data integration expertise, iAltA is poised to expand its reach and deliver more integrated and efficient tools for digital wealth management.
Expected synergies include the acceleration of product development and the expansion of service offerings, allowing the combined entity to provide a more complete suite of wealth technology solutions. The integration of BridgeFT's WealthTech-as-a-Service platform is anticipated to empower iAltA to offer enhanced infrastructure for clients seeking to build and scale their digital wealth management applications. The combined entity is positioned to drive further innovation in the wealth management technology landscape, offering advanced capabilities and a more streamlined experience for its diverse client base.