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AdvisorEngine acquires Junxure
Other - JANUARY 3, 2018

AdvisorEngine acquires Junxure

by Released

AdvisorEngine has acquired CRM Software, better known as Junxure.

Junxure has a 98 percent client satisfaction rate across 12,000 users managing over $600 billion in assets.

The combined company will pair digital solutions with consulting services to help financial advisors use technology as a competitive advantage.

The acquisition further enhances AdvisorEngine's open-architecture ecosystem and continues the company's approach of connecting disparate technologies, data and workflows to create a unified user experience.

Junxure users will not experience any changes in service and will continue to be supported by their dedicated Junxure client success team.

As part of the acquisition, WisdomTree Investments — the global ETP sponsor driven by research and technology, and AdvisorEngine's largest shareholder— has committed to lend up to $30 million of working capital to AdvisorEngine, including providing an initial funding amount of $22 million. The majority of the proceeds will be used to fund the acquisition, with the remainder to be used for future technology development and other growth initiatives.

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