FolioDynamix is a New York-based provider of a web-based technology platform for wealth management. The company offers wealth service providers and investment advisors a comprehensive platform for managing the full wealth management lifecycle across all account types. Its platform supports unified managed account and unified managed household programs. Led by President and CEO Joseph Mrak, FolioDynamix is backed by Edison Ventures and ABS Capital. It received $4M in debt financing from Wellington Financial and plans to use the proceeds to continue to expand its offering. FolioDynamix provides on-demand technology and product solutions to wealth management firms and their affiliated investment advisors. Its offerings include the FDx wealth servicing platform, a fully modular, configurable thin-client application for fee-based products, and FDx Advisor, a registered investment advisor solution combining manager research, investment consulting and discretionary investment options. The company operates offices in New York, Sacramento, CA and Columbus, OH. FolioDynamix received a $16M growth equity investment and intends to use the funds to further develop its technology platform and invest in sales and marketing. The round reflects ongoing support from existing capital partners and is intended to accelerate product development and go-to-market efforts. As part of the financing, new ABS Capital partners will join the board alongside existing directors, aligning investor oversight with the company’s growth plans.

Total raised

$20M

Funding rounds

2

Latest round

Debt Financing

Latest activity

May 2012