GeoWealth Achieves Record-Breaking 2023, Exceeding $28 Billion in Platform Assets

GeoWealth, a leading proprietary technology and turnkey asset management platform (TAMP), has announced that it surpassed $28 billion in platform assets as of December 31, 2023, marking a remarkable 45 percent year-over-year growth rate. This substantial increase in assets is fueled by a rise in accounts to over 180,000, underscoring GeoWealth’s dedication to catering to firms of all sizes and structures, ranging from emerging, independent registered investment advisors (RIAs) to large enterprises.

Tailored specifically for RIAs, GeoWealth offers a comprehensive and fully integrated platform coupled with top-tier portfolio solutions. Its investment solutions accommodate both advisor-managed models and third-party models from leading asset managers, complemented by robust back-office support and flexible, white-labeled unified managed account (UMA) offerings. GeoWealth caters to a wide range of investment scenarios, empowering advisors to craft portfolios that align precisely with their clients’ objectives.

Colin Falls, CEO of GeoWealth, commented, “We’re committed to a trajectory of continuous growth and innovation, prioritizing advisors’ core needs to foster accelerated growth and enhance client service efficiency. The notable growth in 2023 reflects our unwavering dedication to serving RIAs of all sizes and stages. We continually strive to enhance our purpose-built, integrated technology platform to anticipate the evolving requirements of our expanding and esteemed clientele.”

Following its $19 million Series B funding round in November 2021, GeoWealth has implemented several enhancements aimed at providing RIAs with increased personalization and flexibility in their investment management programs. Moreover, GeoWealth’s team has expanded in tandem with its growing client base and service offerings. Headquartered in Chicago, the company now boasts over 100 employees and has made strategic hires throughout 2023 to support its expanded operations, with further expansion slated for 2024.

As GeoWealth progresses with key initiatives throughout the year, it remains committed to enhancing its offerings with features such as direct indexing capabilities, additional tax management solutions, business intelligence workflows, fixed income and alternative asset reporting tools, investment consulting services, and various other advisor-centric enhancements. Additionally, it has broadened its third-party model marketplace to encompass over 600 models from more than 60 asset managers. For more information about GeoWealth and its flexible, technology-driven solutions, please visit geowealth.com.