Aquilance, a firm specializing in complex financial administration for wealthy families and individuals, has secured $16.0 million in new investment capital. This significant funding round marks a pivotal moment for the company, which was founded in 1987 and was formerly known as My Accountant. The substantial capital infusion will support Aquilance's ongoing mission to streamline intricate financial management for its discerning clientele and drive future expansion.
The company addresses the intricate financial needs of its clients by offering a diverse range of services. These include personal bookkeeping and bill pay, consolidated accounting across multi-entity family structures and complex investment partnerships, and comprehensive investment performance reporting. Aquilance also provides specialized services such as ILIT administration, aiming to alleviate the burden of managing complex family finances.
This new investment will enable Aquilance to further enhance its comprehensive service offerings and expand its operational capabilities to meet growing demand. The firm plans to strategically deploy the funds to support various growth initiatives, including technology advancements and talent acquisition, ensuring it continues to deliver timely and accurate financial reports that empower effective decision-making for families and their advisors. Aquilance's core mission remains focused on enriching the quality of life for its clients by eliminating the time they spend on financial administration.
With this substantial capital, Aquilance is well-positioned to accelerate its growth trajectory and reinforce its commitment to providing unparalleled financial administration solutions. The company anticipates expanding its reach and continuing to innovate its services to meet the evolving demands of its sophisticated client base in the years ahead.
