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Tegra118 CEO Cheryl Nash

Cheryl Nash’s Tegra118 Acquires RetireUp

Months after Fiserv’s wealth-tech business unit relaunched as Tegra118 under private equity firm Motive Partners, the firm is expanding retirement planning capabilities with RetireUp.

Tegra118, a wealth and asset management technology provider, announced Wednesday that it has acquired RetireUp, a provider of integrated retirement income planning tools.

RetireUp, which is headquartered in Libertyville, Ill., brings user-friendly and integrable software that supports insurance broker/dealers and had become part of LPL Financial's Vendor Affinity Program in October. RetireUp has spent the past few years bolstering its product offerings with its own acquisition of RepPro, a smart forms and digital business execution platform. The firm also added annuity products to its platform from providers such as AXA Equitable Life and Fidelity & Guaranty Life Insurance Company, among others.

“In today’s climate, retirement income is top of mind. Advisors and investors benefit from richer discussions that provide a full picture of lifetime income from Social Security, annuities, pensions, insurance and other assets,” said Cheryl Nash, the CEO of Tegra118, which was created from the Investment Services business of Fiserv in February. “This acquisition marks an important one in our growth story and is a testament to Motive Partners’ commitment to accelerate and advance Tegra118’s wealthtech platform.”

Terms of the deal were not disclosed.

“Its clean user interface helps advisors easily incorporate annuities into the overall financial planning process,” said Alvi Abuaf, a partner at Motive Partners and a Tegra118 board member.


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