#FinTech

Wealth and Asset Management Technology & Services

The wealth and asset management sector is characterized by a large and growing market, with compelling market tailwinds that present opportunities for technology and service providers to deliver innovative solutions that streamline operations, enhance client experiences and address the evolving needs of financial advisors, asset managers and their end clients.

LLR has spent the last 25+ years investing in and helping to grow wealth and asset management technology companies. Companies and intermediaries working in this space should contact Sam Ryder and Connor Shaw to discuss relevant investment opportunities.

Against the backdrop of an unprecedented wealth transfer is a growing opportunity to serve high-net-worth (HNW) investors – an estimated $20.6 trillion segment projected to exceed $30 trillion in AUM by 2028, according to Cerulli.1 Advancements in wealth technology have made it possible for advisors to deliver more holistic, more complex and personalized solutions that these clients require, at scale, and alongside the high-quality advice that only they can provide.

Jim Fox, Board Member at YCharts and Ultimus Fund Solutions. Former Chairman of the Board at Envestnet, President & CEO of FundQuest, with senior executive roles at BISYS Group and First Data Corporation

Key Trends in Wealth & Asset Management

LLR’s FinTech team is focused on identifying key trends in Wealth and Asset Management and partnering with market leaders that are aligned with those trends, including:

Growth of Registered Investment Advisors (RIA)

The independent RIA has grown significantly. We believe the increasing usage of technology by RIAs and the opportunity for M&A in a large, highly fragmented RIA market is significant.

Personalized Investments at Scale

The increasing demand for personalized investment strategies and managed accounts at scale.

Democratization of Alternative Investments

More wealth managers are seeking to increase allocations to alternatives driven by a desire for higher returns, greater diversification, and less volatility. With this comes more complex operational and reporting requirements.

 

Increased Access to Conflict-Free, Retirement Solutions

Employers are incentivized to increase availability of retirement plans. Retirement plan participation is increasing, and consumers are demanding access to conflict-free, transparent investment options.

Complex Distribution with Multiple Constituents

We see a need for technology solutions that improve communication and distribution between asset managers, wealth managers and the end retail client.

Middle and Back Office Operational Efficiencies

The usage of 3rd party, outsourced middle and back-office providers to provide operational efficiencies and allow asset and wealth managers to focus on what they do best: generating returns and servicing clients.

A Sector with Compelling Market Tailwinds

17%
2
projected growth in financial advisors by 2033, outpacing overall job growth by 4x
$13.1 T
3
private market AUM in 2023, growing 20% annually since 2018
20%
4
expected reduction in asset management fees over the next 5 years, driving demand for efficiency solutions

Areas of Focus for Investment

LLR is focused on investment opportunities in the following subsectors:

  • Financial Advisor & Asset Management Technology
  • Registered Investment Advisors
  • Alternative Asset Technology & Services
  • Fund Administration
  • Retirement

Get to Know LLR Partners

25+ Year History of Investing in Financial Services

  • Founded in 1999, LLR is a growth oriented private equity firm investing in high growth, disruptive technology companies.
  • Raised over $7.0 billion of capital across seven funds.
  • Thematic approach to partnering with leading solutions in attractive end markets, providing $25 – $150 million of equity to fund liquidity for early shareholders and accelerate long-term value creation initiatives.

Operational Support

  • Leverage best practices developed through codifying strategies across our investments.
  • Access 40+ member in-house Value Creation and Market Development Teams with operational expertise across sales and GTM, customer success, finance and IT, human capital, market strategy, technology and M&A.

Focus on Partnership

  • Flexible capital provider (majority or minority ownership).
  • Reward and motivate key players with equity.
Select Investment Experience

LLR invests in the sectors where our investment experience indicates there are attractive business models and market trends supporting strong growth potential. Here are some of our relevant investments in wealth and asset management.

Industry GrowthBits

View All
#FinTech
Reshaping Wealth Management to be Digital, Transparent and More Efficient
Sam Ryder / Principal
#FinTech
RIA Update: Building Enterprise Value through a Platform Model
Sam Ryder / Principal

See You There?

March 3, 2025
T3
Learn More
March 16, 2025
Future Proof
Learn More
November 4, 2025
Schwab Impact
Learn More

Meet the LLR Team

Mitchell Hollin

Mitchell Hollin
Sam Ryder

Sam Ryder
Connor Shaw

Connor Shaw
Will Schaffer

Will Schaffer
Nikhil Paul

Nikhil Paul

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References

  1. “U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2024,” Cerulli Associates, 2024, https://www.cerulli.com/reports/us-high-net-worth-and-ultra-high-net-worth-markets-2024
  2. “Financial Advisor Job Outlook for 2025 and Beyond,” SmartAsset, 2025, https://smartasset.com/advisor-resources/financial-advisor-job-outlook
  3. “McKinsey Global Private Markets Review 2024: Private markets in a slower era,” McKinsey, 2024, https://www.mckinsey.com/industries/private-capital/our-insights/mckinseys-private-markets-annual-review 
  4. “The Future of Asset Management,” BNY, 2021, https://www.bny.com/corporate/global/en/insights/future-of-asset-management-trends-report.html
Disclaimer:

The information presented herein is intended for an audience of potential LLR portfolio companies and the intermediaries supporting their capital raise processes. Named LLR investments presented herein do not reflect a complete list of LLR investments and are provided for informational purposes only. Certain statements about LLR made by portfolio company executives and other quoted parties herein are intended to illustrate the work of LLR’s Value Creation Team with such portfolio companies or reflect the individual’s perspective on the featured industry sector. Such portfolio companies are controlled by investment vehicles managed by LLR. Quoted parties were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company or Senior Operating Advisor roles, and in certain cases are also owners of portfolio company securities and/or investors in LLR-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.