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.”