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Private Equity Firm Acquires Compliance Software Provider “RIA in a Box,” Appoints New Executive Chairman

Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services and technology, has acquired software service provider RIA in a Box LLC. No financial terms were disclosed.

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Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services and technology, has acquired software service provider RIA in a Box LLC. No financial terms were disclosed.

RIA in a Box assists with initial RIA registration, provides ongoing compliance software post-formation, and helps compliance officers at larger firms oversee more complex organizations, the company said. Approximately 2,000 registered investment advisors of varying size use the company’s software.

“The team at RIA in a Box has built an innovative compliance solution benefiting both wealth managers and their clients,” said Jeff Greenberg, chairman and chief executive officer of Aquiline. “This is an exciting time for the company, and we look forward to supporting management during this next phase of growth.”

Aquiline also appointed of Barnaby Grist, a former senior executive at Schwab Advisor Services and Cetera Financial Group, as executive chairman of RIA in a Box.

“I see multiple opportunities to increase market penetration and expand the suite of services provided to clients,” commented Grist. “The company will pursue organic growth initiatives as well as an acquisition strategy in the wealth management software and compliance industry.”

Aquiline was advised by Marlin & Associates and RIA in a Box was advised by Raymond James & Associates on the transaction.

Aquiline Capital Partners, founded in 2005, invests in businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology and services.

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