Lifeworks Advisors Acquires Aimvest Technologies – Innovative Risk Profiling Technology Developer
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Groundbreaking risk profiling technology will be integrated into the unified Lifeworks advisor technology platform to provide custom and dynamic investment portfolios
The Lifeworks Advisors’ new investment platform will be smart, scalable and dynamic, providing clients with real-time adjustments to portfolios to protect assets during down markets while maximizing the probability of each client successfully achieving their goals. GRAND RAPIDS, Mich. (PRWEB) May 04, 2021 Lifeworks Advisors, a fast-growing independent RIA firm, announced today that the company has acquired Aimvest Technologies, an innovative financial technology development company. Aimvest’s technology will be integrated into the Lifeworks Advisor platform to dynamically create custom investment portfolios for clients based on thei
The new technology will empower development of personalized real-time portfolio generation, factor investing and direct indexing.
Independent RIA firm and platform builder Lifeworks Advisors announced it has acquired the fintech startup Aimvest Technologies, which will be integrated into the Lifeworks Advisor platform.
Terms of the deal were not disclosed. Advisors will likely have first heard of Lifeworks as one of the successful participants in the 2020 season of ScratchWorks.
Founded by MIT graduate technologists, Aimvest had begun providing algorithmic allocation strategies to family offices and independent RIAs prior to the acquisition. Co-founders Hugo Castalan and Alex Mathé-Cathala studied under and built upon some of the work of Nobel laureate and MIT professor Robert C. Merton. Both co-founders will be joining Lifeworks.