Tegra118, a top provider of wealth and asset management technology solutions – and a portfolio company of Motive Partners, a specialist private equity firm – announced its acquisition of Illinois-based RetireUp, a leading provider of retirement planning technology. The acquisition will help advisors enrich their client relationships with powerful retirement income planning through a seamless, modern experience. It underscores Tegra118’s promise to accelerate innovation, build its core platform with purpose, and simplify the wealth management experience for clients.
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“RetireUp is a strong complement to Tegra118’s rapidly expanding suite of front office solutions”
Founded by a team of financial advisors, RetireUp boasts nimble and efficient software and simulations that make it easy for advisors to assess a client’s needs for specific lifetime income products. RetireUp’s solutions also transform complex financial concepts into easy-to-understand “big-picture” visuals, so advisors can help investors become active participants in their own financial futures. The entire RetireUp team will join Tegra118 as part of this transaction.
“We’re excited about our acquisition of RetireUp, a platform that helps advisors bring retirement income to the center of client conversations,” said Cheryl Nash, Chief Executive Officer, Tegra118. “In today’s climate, retirement income is top of mind. Advisors and investors benefit from richer discussions that provide a full picture of lifetime income from Social Security, annuities, pensions, insurance and other assets. This acquisition marks an important one in our growth story and is a testament to Motive Partners’ commitment to accelerate and advance Tegra118’s wealthtech platform.”
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