Integration in the wealthtech world is the name of the game, and without it you’re dead in the water. That point was driven home at the recent TD Ameritrade annual conference and again at the T3 conference last week. Another new integration, this time in the form of a mega-merger, was announced last week by Altegris and Artivest. Look for this trend to continue in a major way in 2018.|
“San Diego-based investment research and fund company Altegris and New York-based investment tech firm Artivest announced on Thursday plans to merge under the name Artivest.
James Waldinger, CEO and founder of Artivest, said that he hoped the merger would democratize access to alternatives by bringing Altegris research and products together with Artivest’s technological platforms connecting advisors with private equity investments and hedge funds.
According to a joint press release, the merged company would employ a team of 100 financial professionals and service more than $3 billion in client capital. The Altegris family of funds would retain the Altegris name.
Waldinger would continue as CEO of the new Artivest, while Altegris CIO Matt Osborne would stay on as the CIO of the combined firm. Martin Beaulieu would transition from CEO and executive chairman of Altegris to executive chairman of the combined firm.
The merged company would retain San Diego and New York offices, and would remain privately held by employees and outside investors, including KKR, Thiel Capital, Aquiline Capital Partners and Genstar Capital.
Additional details of the merger were not released on Thursday.”