NorthStar Financial, the parent of portfolio accounting service provider Orion Advisor Services, has agreed to acquire FTJ FundChoice from middle market private equity firm Seaport Capital.
FTJ FundChoice, which was established in 2001, offers independent asset allocation strategies and model trading functionality for advisers. The firm manages around $10bn in assets.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
As part of the deal, users of the Orion Communities platform will gain access to FTJ FundChoice’s Managed Account capabilities.
Orion CEO Eric Clarke said: “Orion has been FTJ FundChoice’s technology partner for the past decade, and we look forward to expanding our relationship to further help the advisors, firms, and enterprises FTJ FundChoice supports.”
Dean Cook will continue to serve as the president and CEO of FTJ FundChoice, while the business will retain its existing structure.
The deal, whose financial terms were not revealed, is expected to be completed in the second quarter of this year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“Our affiliation with NorthStar, and its commitment to delivering best in class technology and services to its customers, only supports FTJ FundChoice’s plans for aggressive growth and innovation. We have a long track record with many of NorthStar’s thousands of clients and hope to extend our growth within that user-base, while also deepening and expanding our many relationships beyond the NorthStar footprint,” Cook stated.
