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Deals Of The Day: The Latest In Wealth Management M&A - Vantage, First Rate
Editorial Staff
20 May 2021
First Rate, Vantage Software The financial terms of the acquisition were not disclosed.
First Rate, which delivers fintech and other serves to the wealth management industry, has bought Vantage Software, a business offering investment monitoring, accounting and deal flow services.
Vantage, which has a global client base, manages and advises on more than $1 trillion in private equity, venture capital, real estate, and public investments.
“Acquiring Vantage Software aligns with our growth and innovation strategy to expand our market and global impact with new solution offerings,” First Rate’s chief operating officer Marshall Smith, said.
Vantage Software is a solution that can also be used in particular modules, for example, to monitor investments; perform partnership accounting and generate reports; manage portfolio investments, undertake analysis and make reports; streamline stages, enhance due diligence; and enable fund-of-fund managers and advisors to manage client mandates, along with their investments and reports.