In The News

GeoWealth Series B Fundraising News

Rounding up recent news covering the future of GeoWealth’s integrated technology, flexible investment solutions, and robust back-office support following the announcement of our $19 million Series B capital raise.


Modern TAMP GeoWealth Lands $19 Million Series B

The ‘technology firm in the shape of a TAMP’ intends to use the capital to expand its engineering and distribution capabilities.

The turnkey asset management program GeoWealth announced Thursday that it had raised a $19 million Series B funding round led by Kayne Partners Fund and a follow-on investment from JP Morgan Asset Management.

“This is a technology story,” said Colin Falls, president of GeoWealth. “Yes, TAMPs were the big disruptors a decade ago but what we have built is really new technology that just happens to be in the form of a TAMP.”

RIA-Focused TAMP GeoWealth Raises $19M From Kayne Anderson Capital, J.P. Morgan

GeoWealth President Collin Falls told RIA Intel the company plans to ramp up hiring and product development.
Since its last round of funding in 2018, the company has gone from $4 billion in assets on the platform to almost $17 billion.

GeoWealth, a turnkey asset management platform (TAMP) 10 years in the making and focused on independent RIAs, said Thursday it raised a $19 million Series B round of funding after a recent growth spurt.

Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, which focuses on middle-market software and technology companies, led the latest round of funding. J.P. Morgan Asset Management, a strategic investor in GeoWealth since 2018, also participated in the round of funding. GeoWealth President Colin Falls said the $19 million raised was “substantially” more than the previous round.

Chicago fintech raises $19 million, plans to hire up to 60

GeoWealth, which has built an enterprise software platform for independent wealth advisers, lands funding from Kayne Partners Fund and JPMorgan Chase

GeoWealth, a Chicago-based software developer for the financial services industry, has raised $19 million in funding as it works to expand the business.

GeoWealth has built a “turnkey” enterprise software platform for independent wealth advisers to manage their clients’ money. The software can show real-time performance of funds, portfolio analytics, generate proposals and seamlessly bill clients.

“It allows independent registered investment advisers to run their business holistically,” says GeoWealth President Colin Falls.

TAMP GeoWealth raises $19m in Series B round

Funding comes from private equity firm Kayne Anderson Capital Partners and existing investor JP Morgan Asset Management.

GeoWealth, a turnkey asset management platform (TAMP) for RIAs, has $19m of new capital after closing a Series B funding round led by private equity firm Kayne Anderson Capital Partners. JP Morgan Asset Management, which led a Series A round for the TAMP in December 2018, also participated in the round.

The exact amounts contributed by Kayne Anderson and JP Morgan were not disclosed, but GeoWealth president Colin Falls told Citywire the stake GeoWealth sold is ‘a small minority.’

‘The family office that owns GeoWealth still has the significant majority of the business. This is a growth story, not a PE takeover,’ said Falls (pictured), adding, ‘JPM invested their pro rata.’

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