New York-based private equity firm Aquiline Capital Partners has acquired RIA in a Box, a compliance software provider for registered investment advisers (RIAs), for an undisclosed sum.

RIA in a Box was founded in 2005 and taken over in 2011 by an investment group headed by Will Bressman and GJ King who transformed the firm into a compliance solution provider for RIAs.

The software provider currently serves around 2,000 RIAs across the US by offering compliance workflow solutions, facilitating initial RIA registration and ongoing compliance software post-formation. It also provides software as a service (SaaS)-based solutions such as CRM, billing, and other operational tools.

Aquiline chairman and CEO Jeff Greenberg said: “The team at RIA in a Box has built an innovative compliance solution benefiting both wealth managers and their clients. This is an exciting time for the company, and we look forward to supporting management during this next phase of growth.”

In addition, Aquiline named Barnaby Grist as the new executive chairman of the board of RIA in a Box. Grist previously served as the senior executive at Schwab Advisor Services and Cetera Financial Group.

“The company will pursue organic growth initiatives as well as an acquisition strategy in the wealth management software and compliance industry,” Grist said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

RIA in a Box president GJ King said: “We are thrilled to continue to lead the business while partnering with Barnaby and the Aquiline team, which has deep experience in the wealth management and compliance industries. This is a massive market opportunity and, with them, we have great support to accelerate our growth trajectory.”