Invesco to acquire RedBlack.

Invesco, a global independent investment management firm, agreed to acquire RedBlack, a portfolio rebalancing, and trading technology company. Financial terms were not disclosed. Through the transaction, Invesco aims to bolster its digital wealth operations. “Invesco has a long history of providing advisors with the tools and digital solutions they need to help their clients achieve their investment objectives through a broad range of active, passive and alternative capabilities. The addition of RedBlack demonstrates our commitment to continuously strengthening our global digital platform, further enhancing the solutions we offer to meet the evolving needs of advisors, our clients, and the industry,” Martin L. Flanagan, Invesco President, and CEO.