As part of First Rate’s ongoing strategy to expand its WealthTech footprint, First Rate acquires performance reporting and portfolio management assets from InvestEdge, and announces a strategic partnership with InvestEdge for Compliance Solutions.

Arlington, TX – April 24, 2023 – First Rate, a leading wealthtech services provider to the wealth management industry, today announced the acquisition of certain wealth platform assets of InvestEdge, a leader in wealth management and compliance solutions to bank trusts, broker-dealers, and RIAs.

“This acquisition leverages the two largest wealthtech providers to better serve the bank wealth management space,” said Craig Wietz, First Rate’s president. “We have admired the InvestEdge business for more than a decade because of their complementary specialization in trading and rebalancing in addition to their compliance solutions. Bringing these mutual strengths together will create a more comprehensive, powerful, and integrated solution for our customers, expand our team of co-workers, and allow us to make a more significant social impact in the communities where we do business.”

After the transaction, InvestEdge will exclusively offer its regulatory compliance software suite (‘ComplianceEdge’). InvestEdge will provide seamless ComplianceEdge integration to all First Rate customers through the new strategic partnership.

“InvestEdge’s regulatory compliance software, ComplianceEdge, protects the reputation and operational integrity of bank trusts, broker-dealers, and RIAs. We reduce the risk and cost associated with providing investment management advice in an evolving regulatory environment,” said InvestEdge President Jeff Cowley. “This partnership expands our reach in regulatory compliance while enhancing First Rate’s substantial wealthtech platform capabilities.”

The combined wealth management platform as a result of this acquisition will serve more than $2.5T in AUM across more than 300 banks in the United States. Legacy customers of First Rate will be able to add portfolio management and the InvestEdge ComplianceEdge solutions through the integrated First Rate platform, CORE 2.0, which is currently under development. This combination of best-in-breed capabilities into a single offering enables banks to continue to differentiate themselves in a rapidly changing wealthtech landscape.

For more information about First Rate, please visit www.FirstRate.com or email info@firstrate.com.

About First Rate

First Rate exists to help wealth management companies grow and thrive as stewards of their clients’ investments. Our innovative services and solutions help financial firms create absolute transparency, enhance efficiency, and empower advisors to create more meaningful and intelligent investment strategies for their clients. It’s technology as it should be.

First Rate’s flexible solutions adapt to the evolving demands and complex challenges of the wealth management industry. With a proven track record including more than 30 years of experience, our relentless focus on meeting the diverse needs of our partners is unmatched in the industry.

Through data aggregation, performance calculation, client reporting, and intelligent data analytics backed by a powerful AI engine, our innovative technologies enable wealth managers to grow their businesses by enhancing efficiency and providing strategic value to investors.

Website: www.FirstRate.com

Follow us: @FirstRatePerf

About InvestEdge

InvestEdge’s ComplianceEdge software protects the reputation and operational integrity of bank trusts, broker-dealers, and RIAs by reducing the risk and cost associated with providing investment management advice in an evolving regulatory environment.

For over two decades, many of the largest financial institutions in the U.S. have relied on InvestEdge for mission-critical software and highly sensitive data management.

Website: www.InvestEdge.com