Softek expands broker and RIA services with Gentech acquisition
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Softek expands broker and RIA services with Gentech acquisition 14 July 2022Canada Reporter: Holly Shelton
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Softek, a provider of capital and credit management solutions, has announced it acquired Gentech (H2 FinTech), formerly part of GWM Holdings.
Gentech is a technology and software services firm addressing the day-to-day challenges of registered investment advisors (RIAs) and independent brokers, along with the companies that support them.
The combination of Softek and Gentech will assist firms in navigating through the global regulatory environment.
Speaking on the announcement, Robert Bond, president and CEO of Softek, says: “The Gentech platform, with its functionally rich offering, extends Softek’s credit and compliance offering into the independent investment advisor community.
“As part of the merger, Softek has acquired Gentech’s highly skilled technical development team which — in addition to enabling on-going enhancements to the platform — gives us the ability to move our products and services into the mobile world.”
Dean Rager, president at H2 FinTech and chief operating officer at Geneos Wealth Management, adds: “Softek brings us global reach and the ability to serve much larger clients than ever before. We are looking forward to a very long and prosperous relationship.”
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