Fi-Tek, a provider of technology platforms and solutions to wealth management firms, has agreed to purchase Rockefeller & Co.’s Rockit Solutions business, which provides technology service for single-family and multifamily offices, investment advisors and private trust companies.
Rockefeller & Co has also signed a long-term arrangement with Fi-Tek to deliver information management services for itself and its clients.
Financial terms of the deal, which is scheduled to complete on or about 1 February 2016, have not been disclosed.
Rockefeller & Co. is a wealth and investment management firm serving individuals, families and institutions.
Rockefeller & Co. president and CEO Reuben Jeffery said: "We look forward to working with Fi-Tek as they further enhance and develop Rockit’s operational, technology and reporting platform for the benefit of our organizations and our respective clients going forward."
Fi-Tek founder president and CEO Subir Chatterjee said: "We have long admired the Rockefeller & Co. organization and the Rockit Solutions business, and we believe this acquisition will enable us to build on our mission of offering premier financial technology solutions and services addressing the complex needs of financial services providers."