Aquiline Agrees to Acquire Controlling Stake in Flourish, a Wealthtech Platform Serving 1,300 RIAs

Private equity firm Aquiline has agreed to acquire a controlling interest in Flourish, a financial technology platform that serves more than 1,300 registered investment advisors across the United States.

Flourish provides RIAs with tools for cash management, annuities, and cryptocurrency, helping advisors offer a broader range of services to their clients without building the infrastructure themselves. The platform has grown steadily as independent advisors have looked for technology solutions to compete with larger wirehouses.

The deal is part of a broader wave of consolidation in the wealthtech sector. September 2026 has seen several major transactions, including Envestnet's acquisition of Vestmark to expand its tax-loss harvesting and direct indexing capabilities, and Savvy Wealth's 100 million dollar Series C funding round at a 600 million dollar valuation.

Aquiline is a private equity firm focused on financial services and technology. The firm has made several investments in fintech and wealthtech companies in recent years.

The acquisition reflects growing investor interest in the independent advisor market. The number of registered investment advisors in the United States has grown steadily, and platforms that serve this market are seen as attractive investments.

Financial terms of the Aquiline-Flourish deal were not disclosed. The transaction is subject to regulatory approval. Flourish will continue to operate under its existing brand and leadership team following the close of the deal, according to reports from dWealth News.