Daily News: May 10, 2012

Wellington Financial Provides $4 Million to FolioDynamix


Wellington Financial announced a US$4 million venture debt financing for FolioDynamix of New York. FolioDynamix offers wealth service providers and investment advisors a comprehensive Web-based technology platform for managing the full wealth management lifecycle across all account types, including unified managed account and unified managed household programs.

“FolioDynamix provides wealth management firms with leading-edge technology to attract and retain the best advisors and more efficiently run the business,” said Craig Netterfield, senior vice president of Wellington Financial. “FolioDynamix’ unique software-as-a-service approach allows clients to address their top priorities with the right mix of technology and research, quickly and with minimal IT overhead. We are delighted to add FolioDynamix to our ever-expanding U.S. portfolio.”

Joseph Mrak, president and CEO of FolioDynamix said, “Partnering with Wellington Financial provides us with additional growth capital to support our continued expansion while delivering the modern technology, programs and information companies need to lead in the new era of wealth management.”

FolioDynamix is backed by some of the leading venture capital and strategic investment firms, including Edison Ventures and ABS Capital.

Wellington Financial is a privately held specialty finance firm providing term, venture and amortizing loans up to $30 million.