Announced
Financials
Tags
United States
Digital Services
Single Bidder
digital wealth management
Acquisition
Pending
Majority
Friendly
Private
Synopsis
YieldStreet, the digital wealth management platform, agreed to acquire WealthFlex, a digital IRA platform providing investors with access to private investment opportunities through self-directed IRAs. Financial terms were not disclosed. “Our investors wanted a tax-efficient method of investing on YieldStreet, and we listened. Anyone who has ever tried to move their 401 or IRA understands that the process is not consumer-friendly or designed for today’s world. Our promise is to make it as fast and cost-efficient as possible so investors can easily move their money and take control of their retirement portfolios,” Milind Mehere, YieldStreet Founder and CEO.
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