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iraLogix Raises $5 million to Fund Growth

IRA recordkeeping and trading technology platform provider iraLogix is expanding its capabilities to help financial institutions offer high quality products to accounts of all sizes

PITTSBURGH, Oct. 23, 2018 /PRNewswire-PRWeb/ -- iraLogix, Inc. announces that it has completed a $5 million Series A financing led by Integrated Retirement Initiatives with participation from Riverfront Ventures and other strategic investors. iraLogix is a unique, cloud-native technology platform providing completely paperless, end-to-end white label IRA product capability to financial services firms interested in growing their IRA business quickly and profitably. iraLogix provides a wide range of institutionally-priced investment choices and seamless access to professional advice, education and other financial services, all with no account minimums.

"This timely investment will help us accelerate as we expand our ability to provide advanced IRA technology solutions to our rapidly growing list of institutional IRA provider clients" said David Bernard, iraLogix's CEO. "Integrated Retirement's continued confidence and support has been instrumental as we increase the speed at which we secure new clients and add new services for existing clients. We are excited about the positive impact we're able to make in helping our clients address this $3 trillion opportunity in the retirement market."

About iraLogix:
iraLogix is an industry-leading provider of technology-enabled, fully paperless, white label IRA recordkeeping solutions. The company's recordkeeping and technology solutions enable any financial institution to easily customize their IRA offering and compete effectively in all segments of the IRA market. Through modular technology, clients have the choice to use their internal investment or advisory capabilities or select from a number of industry leading providers, as desired. Regardless of market strategy, iraLogix can streamline your IRA service options and expand your business. For more information, please visit http://www.iralogix.com.

About Integrated Retirement Initiatives:
Integrated Retirement is an independent, privately held corporation with deep retirement plan expertise and industry insights that provides the highest quality thought leadership, professional development, content, and ERISA support to enhance its clients' products and distribution channels. For more information please visit Integrated Retirement.

About Riverfront Ventures:
Riverfront Ventures LLC (RFV) is a venture fund investing in early stage technology companies and seeks to invest in high-growth early-stage companies primarily located in southwestern PA. RFV is the affiliate of Innovation Works, Inc. (IW).

 

SOURCE iraLogix, Inc.

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