Rockefeller & Co. and Fi-Tek announce the acquisition of Rockit Solutions
Rockefeller & Co., Inc., a global wealth and investment management firm serving individuals, families and institutions, and Fi-Tek, LLC, a financial technology company providing products and solutions to banks, trust and wealth management institutions, RIAs, family offices, hedge funds and hedge fund administrators, today announced that Fi-Tek has agreed to acquire Rockefeller & Co.'s Rockit Solutions business. As part of the transaction, Rockefeller & Co. is entering into a long-term services arrangement with Fi-Tek for the ongoing delivery of information management services for itself and its clients.
Rockit Solutions, LLC is a technology-enabled service provider for single and multi-family offices, investment advisers, private trust companies, and other financial institutions. Rockit® Command, the technology platform for Rockit Solutions, was launched in January 2000 to support middle and back-office services related to Rockefeller & Co.'s wealth and asset management business. In 2005, Rockit Solutions became a wholly-owned subsidiary of Rockefeller & Co. and began to offer services to third-party clients.
The transaction is expected to close on or about February 1, 2016.
Click here for details