– USA, CA – EQIS, a leading turnkey asset management platform (TAMP), today announced a $15 million investment led by Long Ridge Equity Partners. The investment follows a period of significant growth for the company with AUM up over 75% in 2015. The financing will position EQIS for continued leadership in technology development and client service. In connection with the investment, Jim Brown and Kevin Bhatt of Long Ridge Equity Partners will join the EQIS Board of Directors.
EQIS was founded in 2007 with the simple mission of helping individual investors achieve their financial goals. EQIS’s technology provides individuals with access to investing advantages that institutions and high net worth investors have enjoyed for decades. These advantages include access to leading institutional money managers, broad diversification across asset classes, tax-loss harvesting, and enhanced transparency. The EQIS platform delivers these advantages at lower costs than mutual funds and lower account minimums than peers.
“The team at Long Ridge has deep expertise in the financial services sector. We are very excited to have them join us as a partner,” said EQIS CEO Scott Winters. “We are scaling our business by investing in our people and our platform. Long Ridge’s capital and strategic support will enable us to continue on our rapid growth trajectory.”
“EQIS offers a compelling value proposition that is clearly resonating with financial advisors,” said Kevin Bhatt, Long Ridge Partner. “We believe the company is well-positioned to take advantage of changing dynamics and preferences in the wealth management space. We are excited to partner with the EQIS team as they continue to build their franchise.”
About Long Ridge Equity Partners
Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on the financial services industry. Leveraging deep sector knowledge and an extensive network of industry resources, Long Ridge serves as a value-added partner to high-growth financial services businesses. Over the last decade, Long Ridge’s principals have sponsored some of the most successful growth companies in the financial sector, providing strategic resources and capital to drive profitable expansion.
About EQIS
EQIS is a fee-based turnkey asset management platform (TAMP) serving financial advisors by providing investors access to many of the investment strategies historically available only to high net worth individuals and institutions. EQIS’s technology provides access to multiple institutional style money managers via directly owned securities in separately managed accounts, with an account minimum of only $25,000. EQIS’s automated administration and portfolio customization allow financial advisors to spend more time with clients, helping to accelerate their practice’s growth and profitability.
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