SmartRIA, a compliance software platform for registered investment advisers (RIAs), hybrid RIAs and RIA networks, has secured an undisclosed strategic investment from Ritholtz Wealth Management’s (RWM) venture capital fund The Compound Capital Fund I.

As part of the partnership, RWM will combine its investment management capabilities with SmartRIA’s compliance technology to drive innovation in the wealth management industry.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

SmartRIA CEO Mac Bartine said: “We are thrilled to be working with such a well-respected industry leader.

“This new partnership with Ritholtz Wealth Management helps SmartRIA reach new heights as demand for scalable compliance solutions is accelerating and showing no signs of slowing down. It pushes our flywheel faster, allowing us to achieve our ultimate goal: to be the best at simplifying wealth management compliance.”

The Compound Capital Fund I invests directly in technology companies serving RIAs. It is managed by AngelList Advisors and sub-advised by RWM.

RWM managing partner Michael Batnick is the fund lead for The Compound Capital Fund I.

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.

Commenting on the deal, Batnick said: “By working together, both companies will be able to drive transformational change in the wealth management industry. We’re looking forward to all the exciting applications and results from this partnership.”

Last year, RWM teamed up with WisdomTree to launch a new crypto index to provide retail investors with access and diversified exposure to cryptoassets.