Apex Fintech acquires Silver Management Group


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Apex Fintech Solutions LLC (“Apex”), the “fintech for fintechs” serving innovation and the future of digital wealth management, which previously announced a merger with Northern Star Investment Corp. II (“Northern Star”) (NYSE: NSTB), acquired the Silver Management Group of Companies (“Silver”), a leading provider of business and technology solutions to the investment services industry.

Silver’s regulatory cost base and tax reporting expertise will strengthen Apex’s platform by streamlining the processing of real-time, night-time batch activity through Silver’s ultra-scalable cloud architecture. By tightly integrating these mission-critical components of the middle office technology stack, Apex will be in a better position to provide its customers with accurate and timely cost master data and tax information, thereby enabling end customers to make business decisions. more informed and tax-friendly investment. . These capabilities will benefit new and existing Apex customers, but will also be sold as a standalone SaaS offering that provides more access and options to a wider range of businesses.

“We look forward to leveraging Silver’s solutions as an integral part of our business and as an independent SaaS offering complementary to Apex’s core custody and clearing operations,” said Bill Capuzzi, CEO of Apex . “Partnering with Blake and the Silver team will extend Apex’s suite of solutions, while allowing us to operate more efficiently. “

“Having worked with Apex for several years as a cost base solutions provider and unified wealth data integration partner, I am delighted that Silver is partnering with Apex as we continue to solve real world issues. with innovative investment services solutions, ”said Blake. Henry, CEO of Silver. “This transaction takes Silver to ‘take it to the next level’ – continuing Silver’s long-standing mission of enabling secure and timely access to reliable financial information while advancing Apex’s strategic growth strategy. “

Silver was advised by SenaHill Partners, the leading mid-market fintech investment bank.

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