The growth capital will help IRALOGIX accelerate its product roadmap and expand its groundbreaking proprietary recordkeeping and technology solutions for Institutional Retirement, IRA, 401(k), and Wealth Management companies.

 

Pittsburgh, PA. – July 13, 2022 – IRALOGIX announced today that it raised $22M of new funding. The funding will enable IRALOGIX to expand their rapid growth, speed development of new platform features, increase its sales efforts and continue to drive an annual growth rate of over 100%, as it has done for the past three years.

 

The financing was led by a group of individual financial technology investors represented by Matt Vettel and Nick Cayer, along with participation from Hybrid Capital, Roan Capital, University Growth Fund, Trog Hawley Capital, Circadian Ventures, Great North Ventures, and Riverfront Ventures.  As part of the financing round, Peter de Silva, previously President of TD Ameritrade’s Retail division, President of Scottrade’s Investment Management and President/COO of UMB Financial Corporation., will be joining the IRALOGIX Board of Directors.

 

David Bernard, IRALOGIX’s Chairman and CEO, said “the added funding will help us expand faster and serve an even greater number of leading financial services companies more effectively than ever before. This capital raise is a testament to our mission to drive real change across the industry and having Peter de Silva lend his extensive expertise to our Board will help accelerate IRALOGIX to the next level.”

 

IRALOGIX Co-Founder and CSO, Joe Hipsky, added “We are driving real change throughout the retirement industry for the benefit of our clients and their accountholders alike, where everyone wins. With these great additions to the team, we can continue to accelerate our current growth in the IRA market and expand our plans to apply the power of our platform to several additional areas that would benefit from modernization.”

 

Peter de Silva commented, “IRALOGIX has a differentiated product solution that is getting strong traction within the market. We believe the business is well positioned to take advantage of the market dynamics and I am excited to leverage my experience to help the IRALOGIX team continue its growth trajectory.”

 

With the overall US retirement market surpassing $39 trillion in 2021, IRALOGIX has emerged as the leading financial technology platform to help record keepers, advisors, mutual funds, and other financial services firms reduce their costs, and grow their business profitably, while making the highest quality, institutional investment products available to everyone regardless of account size or type.

 

About IRALOGIX

IRALOGIX is an industry-leading provider of technology-enabled, fully paperless, white label IRA record keeping and technology solutions. The company’s proprietary technology solutions enable any financial institution to easily customize their IRA offering and compete effectively in all segments of the IRA market. Through modular technology, institutional clients have the choice to use their internal investment or advisory capabilities or select from key industry leading providers. IRALOGIX complements your market strategy, streamlines your IRA service options, and helps you expand your business across all areas of the industry, profitably. For more information, please visit www.iralogix.com.

JULY Introduces JULY IRA to Support Participant Rollovers

The JULY IRA helps participants with their savings goals keeping their monies invested for the future.

 

Waco, Texas, March 30, 2022 – July Business Services (JULY) announces JULY IRA (JULY IRA), an integrated IRA rollover solution designed specifically for small accounts from retirement plans.  The program is powered by IRALOGIX (IRALOGIX), a firm specializing in supporting institutional partners with white label solutions.

“Keeping participant accounts invested is so important to our mission of enriching lives by shaping the future of retirement,” says Michelle LeCates, VP of Institutional Relationships/Products and Marketing. “IRALOGIX is a great partner from inception to production, and together we’ve created a remarkable solution that is easy to understand and offers a great investment lineup.”

JULY IRA is a comprehensive IRA solution with an institutionally priced core fund line-up managed by Expand Financial, LLC (EXPAND), and access to online advice. Retirement plan sponsors seeking to keep costs down will benefit from JULY IRA by eliminating small account balances owned by terminated participants.

JULY and IRALOGIX have built an automated solution to exchange data and setup new accounts continuously throughout the year.  Participants receive easy to understand communications and have access to a new website for more details.

“IRALOGIX was designed to help recordkeepers run their businesses more efficiently by providing smaller balance accounts an institutional IRA solution, as they leave the employer’s plan,” says Pete Littlejohn, Chief Revenue Officer, at IRALOGIX. “We are certainly pleased to be working with JULY as they are one of the top retirement providers in the industry.  JULY’s reputation for building strong relationships throughout the retirement industry by delivering high levels of service and embracing innovation makes this a perfect fit between our firms.  Doing the right thing by helping everyone achieve their retirement goals, regardless of account sizes, makes our relationship with JULY truly something special.”

About JULY:

JULY is a 401(k) services company specializing in hi-touch, tech-enabled retirement plan services. Our employees have served as plan experts to advisory firms and employers in the small and micro 401(k) plan market for over 25 years. Over the last decade, our in-house software development team has built a host of proprietary technology solutions to streamline, automate and simplify all facets of retirement planning to make processes rewarding and easy for our clients. For more information about JULY, visit www.julyservices.com.

 

About EXPAND:

EXPAND is a Registered Investment Advisory Firm that specializes in supporting advisors, broker dealers, recordkeepers, and other financial institutions in their effort to serve the 401(k) plan market.  EXPAND’s flexible service model supports all types of advisors and institutions, including those that offer 401(k) as a core part of their business and firms where 401(k) is a secondary part of what they do.  Whether serving as a direct plan fiduciary or in a back-office capacity, EXPAND brings expertise and proprietary technology to the 401(k) investment management process.  For more information about EXPAND, visit www.expandfinancial.com.

 

About IRALOGIX:

IRALOGIX is an industry-leading provider of technology-enabled, fully paperless, white label IRA recordkeeping and technology solutions. The company’s proprietary technology solutions enable any financial institution to easily customize their IRA offering and compete effectively in all segments of the IRA market. Through IRALOGIX’s proprietary cloud-based technology, institutional clients have the choice to use their internal investment or advisory capabilities or select from several industry leading providers. IRALOGIX can complement your market strategy, streamline your IRA service options, and help you expand your business. For more information, please visit www.iralogix.com.

 

Ink Long-Term Co-Marketing Partnership

Pittsburgh, PA, March 1, 2022 – IRALOGIX, a leading provider of cloud-based technology to enable institutional partners to rapidly offer a hands-on, engagement-focused IRA program to their clients today announced its partnership with The Retirement Learning Center, an industry leader in ERISA and IRA training and consulting services to over 41,000 financial professionals The Retirement Learning Center will provide educational content and accredited courses to IRALOGIX customers.

“IRALOGIX, was designed to help recordkeepers, advisors, banks and wealth providers in general service their clients of all sizes in order to provide them a better path to retirement. Aligning our efforts with The Retirement Learning Center helps with that mission” said Peter Littlejohn, Chief Revenue Officer at IRALOGIX. “As the premier thought leader in the industry, The Retirement Learning Center has provided incredible services to the retirement industry for many years, and we are excited to align with such a deep and knowledgeable team. Bringing real change and services to everyone seeking a better retirement is what Main Street needs. Working together provides for an all-star approach and we could not be more thrilled to be part of this team.”

“IRALOGIX provides cutting-edge, white-labeled IRA programs that leverage institutionally-priced investments, coupled with professional advice and education. This offering is the “killer app” for advisors and their firms as they navigate the new rollover reality.” Said John Carl, President and Founder of The Retirement Learning Center. “Having IRALogix as a partner with their superior FinTech acumen and in-depth knowledge of the inner workings of the retirement industry will transform how we operate as a consulting and training organization. This partnership brings immense scale and efficiency to both thriving companies.

About IRALOGIX

IRALOGIX is an industry-leading provider of technology-enabled, fully paperless, white label IRA recordkeeping and technology solutions. The company’s technology solutions enable any financial institution to easily customize their IRA offering and compete effectively in all segments of the IRA market. Through IRALOGIX’s cloud-based technology, institutional clients have the choice to use their internal investment or advisory capabilities or select from a number of industry leading providers. IRALOGIX can complement your market strategy, streamline your IRA service options, and help you expand your business. For more information, please visit www.iralogix.com.

About The Retirement Learning Center

The Retirement Learning Center offers business building ERISA and IRA consulting services to the financial services industry. With over 180 years of combined retirement industry experience among their consultants, the Retirement Learning Center has helped over 41,000 financial professionals provide expert guidance to their clients. For more information, please visit

www.retirementlc.com

● Media Contact:
● Lisa Salinas
● lisa@retaliate1st.com
● Phone 727.643.8910

IRALOGIX, the leading cloud-based IRA provider, is now available on the vWise Experience Platform
Aliso Viejo,

Aliso Viejo, Calif. – vWise, Inc. (vWise), a leading provider of technology solutions for the retirement industry, today announced its partnership with IRALOGIX, a leading provider of cloud-based technology enabling institutional partners to offer IRA solutions to all investors regardless of account size. Providers using vWise will be given the opportunity to quickly launch a profitable white label IRA solution that leverages the same types of institutional investments found in employer plans, along with professional advice and more. “We are excited to have IRALOGIX as part of our platform and as a client. This partnership will give vWise the ability to offer the most advanced technology-forward IRA account services to our clients and their Advisors. The new offering will include both force-outs and voluntary IRA account capabilities,” said James Liberi, CRO of vWise. “Their best-in-class IRA solutions, combined with our ability to optimize participant outcomes through personalization, will forward both companies’ mission to bring better retirement options and outcomes to the American worker.” “At IRALOGIX, we are dedicated to helping recordkeepers and their Advisors provide the latest advancements in IRAs and servicing technology to everyone saving for retirement, and our partnership with vWise is a great example of how teaming up with experts in the industry helps our ongoing efforts to fulfill that mission,” said Peter Littlejohn. “The work that vWise is doing with its clients around building trusted relationships with participants and using data to drive better outcomes is instrumental in accelerating widespread accessibility to IRALOGIX solutions through digital transformation, making this an ideal partnership.”

About vWise

vWise optimizes investor outcomes through interactive, data-enabled personalized experiences that drive informed decision- making. Utilizing the way today’s investors consume content, the vWise Experience Platform enables asset managers and financial service providers to efficiently deliver personalized digital experiences to complement existing sales and marketing efforts. For more information, visit vWise at www.vWise.com.

 

About IRALOGIX

IRALOGIX is an industry-leading cloud-based IRA provider providing our institutional clients the ability to service all investors regardless of account size while acting in their best interest. IRALOGIX can complement your market strategy, streamline your IRA service options, and help you expand your business. For more information about IRALOGIX, please visit www.iralogix.com.

The capital raise will help the company expand its growing institutional client-base in the IRA market

Pittsburgh, PA (June 7, 2021): IRALOGIX, Inc., an innovator in products for the IRA market, announced today that it has completed an $11 million Series B extension capital raise led by independent investment research firm Morningstar, Inc. (Nasdaq: MORN) with additional investments made by existing investors.

IRALOGIX enables institutional partners to rapidly launch profitable white-label IRA programs that leverage institutionally priced investments as well as professional advice and education. The company’s modular technologies are cloud-native and support a fully paperless process with no account minimums.

Upon making this investment, Morningstar will own a minority stake in IRALOGIX, and James Smith, Head of Workplace Strategy and Business Development for Morningstar Investment Management, will be appointed to its Board of Directors.

David Bernard, Chief Executive Officer of IRALOGIX, commented: “In addition to its investment in IRALOGIX, Morningstar brings the power of its industry reach to our business. The combination of our uniquely flexible technology and institutionally priced investments with Morningstar’s highly respected investment advice and managed account capabilities makes for a compelling business model that will help more clients achieve profitable IRA business growth while providing better options to investors saving for retirement. It offers a competitive opportunity with inherent cost and scale advantages the industry has been searching for.”

Morningstar’s financial investment is accompanied by a strategic collaboration between IRALOGIX and the Workplace Solutions group within Morningstar Investment Management, a subsidiary of Morningstar, Inc. and a registered investment adviser offering a range of products and services in the retirement market. Its managed account service, including the Morningstar® Retirement ManagerSM version designed to be offered by plan sponsors and the newer version designed to be offered by retirement advisers, today enables 231,000 plans and 1.7 million retirement plan participants to receive personalized retirement advice by Morningstar Investment Management. The two groups will work together to integrate Morningstar Investment Management’s personalized managed retirement accounts services into IRALOGIX’s platform.

Brock Johnson, President of Global Retirement and Workplace Solutions at Morningstar Investment Management, added: “IRALOGIX offers a natural expansion of our approach to democratizing high-quality investment and saving advice for every working American, no matter their salary or account balance. Together, we will expand on the success of our managed accounts platform so more people can access personalized advice across not only retirement accounts like 401(k)s, but also for IRAs to help them reach their retirement goals.”

About IRALOGIX
IRALOGIX is an industry-leading provider of technology-enabled, fully paperless, white label IRA recordkeeping and technology solutions. The company’s proprietary technology solutions enable any financial institution to easily customize their IRA offering and compete effectively in all segments of the IRA market.Through modular technology, institutional clients have the choice to use their internal investment or advisory capabilities or select from a number of industry leading providers. IRALOGIX can complement your market strategy, streamline your IRA service options, and help you expand your business. For more information, please visit www.iralogix.com.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $244 billion in assets under advisement and management as of March 31, 2021. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

About Morningstar Investment Management LLC’s Workplace Solutions group
Our parent company, Morningstar, Inc., was founded on the simple idea that when people have good investment information, they can make better choices that help them achieve their financial goals. In the Retirement Solutions group at Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc. and a registered investment adviser, our advocacy for the individual investor extends to the workplace retirement market where the responsibility for investing and saving now rests with employees. Our products and services which range from a managed accounts service to target-date products to custom models and fiduciary services are not only designed to help people save for the retirement they want, but to help them make their money last once they get there.