Oranj Acquires TradeWarrior, Combining FinTech Firms Founded by Ex-RIAs

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.

from FA News http://www.fa-mag.com/news/oranj-acquires-tradewarrior–combining-fintech-firms-founded-by-ex-rias-32332.html

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