It’s a perfect fintech match.
Chicago-based Oranj is acquiring majority interest in Layton, Utah-based TradeWarrior Software, a rebalancing and model management provider in a deal that combines two RIA-founded financial technology firms.
“We’ve both identified that there’s this need for unified, deeply integrated solutions that can utilize the sophistication that advisors require in the back office from a trading and rebalancing functionality,” says Oranj CEO David Lyon. “There’s a natural synergy between us there, where we felt like there was a void in the marketplace.”
TradeWarrior’s rebalancing software simplifies the task of rebalancing across client accounts and custodians.