TORONTO & DENVER--(BUSINESS WIRE)--Softek, a leading provider of Capital and Credit management solutions, today announced it acquired Gentech (H2 FinTech) formerly part of GWM Holdings Inc. Gentech (H2 FinTech) is an innovative technology and software services firm addressing the day-to-day challenges of RIAs and Independent Broker/Dealers and the companies that support them. The Gentech platform provides everything from compliance and sales supervision oversight as well as a comprehensive commission-based compensation system, fee billing, portfolio management and a complete client books and records system. The combination of Softek and Gentech (H2 FinTech) will assist firms in expertly navigating through the global regulatory maze.
Robert Bond, President and CEO of Softek, said, “The Gentech platform, with its functionally rich offering, extends Softek’s credit and compliance offering into the Independent Investment Advisor community. Founded by Industry experts with decades of experience, Gentech is already utilized by thousands of professional users. This depth and breadth of knowledge is key to the on-going development of the service in line with market and regulatory needs.”
“As part of the merger Softek has acquired Gentech’s highly skilled technical development team which, in addition to enabling on-going enhancements to the platform, gives us the ability to move our products and services into the mobile world.”
Dean Rager, President at H2 FinTech and Chief Operating Officer at Geneos Wealth Management, said, “Merging our unique hosted software solutions with a global industry leader like Softek will give the new company a much larger platform upon which to continue developing our solutions. Softek brings us global reach and the ability to serve much larger clients than ever before. We are looking forward to a very long and prosperous relationship.”
Softek is a leading provider of Capital and Credit Management services with a focus on regulatory capital, margin lending, security finance and risk reporting. Our full service utility delivers an innovative suite of integrated pre- and post-trade solutions by combining data management, risk and capital calculations in near real time.
Softek services a diverse range of financial businesses including: Banks, Prime Brokerage, Broker-Dealers, Proprietary Trading, Correspondent Clearers, Wealth Management and Hedge Funds
About Gentech (H2 FinTech)
H2 FinTech is dedicated to bringing innovative technology and software solutions to the financial industry. Our goal is simple — to develop and deliver versatile solutions and outstanding value not currently available on the market to address the day-to-day challenges of Advisors and the financial service companies that support them.