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WealthStack Roundup: Aztec Acquires Financial Training Provider FFG

Also, business valuation tech provider Capitaliz hires a new executive and TIFIN acquires The Giving Place.

Financial Fitness Group, which provides financial wellness education and training resources and technology has been acquired by Aztec Software.

Terms of the deal were not announced.

Aztec is an educational software company that provides training in a wide array of areas including financial literacy and wealth management.

Within Aztec, FFG will be combined with the online financial literacy platform brand iGrad.

Financial Fitness Group has collaborated with Morningstar on financial content for financial advisors for many years and is known as a FINRA-reviewed financial content provider.

Longtime Morningstar executive Tricia Rothschild joined FFG’s board in 2020.

Capitaliz Hires President for North America

The business valuation technology platform Capitaliz announced the hiring of Jared Johnson as its president for North American operations this week.

He comes to the new role after serving as CEO of the Business Enterprise Institute.

Capitaliz launched a Dynamic Revaluation tool in December. The digital platform serves three types of professional roles: wealth advisors, exit planners and business advisors.

For wealth advisors, the platform provides a repeatable and scalable process for carrying out business valuation and succession planning for client business owners, a task for which there are few automated technology offerings.

Johnson’s mandate includes oversight of operations, strategy and regional growth for Capitliz. The BEI advocated for and provided content and resources specifically for exit planners and business advisors in the US and Canada, which according to the release announcing his hiring, prepared him well for his new role.

TIFIN Acquires The Giving Place, Expanding Philanthropy Management Footprint

The donor-advised fund sector appears to be growing at a fairly rapid clip: DAF assets, according to TIFIN, almost doubled between 2018 and 2022, reaching about $230 billion currently and are predicted to grow to $1 trillion by 2030.

With such growth in mind, the company announced that its TIFIN Give unit had acquired The Giving Place, a family office technology platform for managing giving programs and private foundations.

Terms of the deal were not disclosed but the platform and leadership team will join TIFIN Give. The three Giving Place co-founders will all have roles there. Alex Paul will serve as a TIFIN Give board member, Paul Lussow will assume the role of CEO and Jeff Grossman will become chief product officer.

According to TIFIN, the combined firm will now oversee $670 million in philanthropy assets and will have helped process $40 million in charitable donations during 2023. The combined unit will work with financial advisors, wealth managers, workplaces, foundations and family offices.

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