iAltA Holdings Acquires BridgeFT, Expanding Wealth Tech Capabilities

Bassyonni

ago 17 hours

iAltA Holdings Acquires BridgeFT, Expanding Wealth Tech Capabilities

iAltA Holdings, supported by WestCap, has expanded its wealth tech capabilities through the acquisition of BridgeFT, a leader in wealth management technology infrastructure. The financial details of the acquisition remain undisclosed.

About iAltA Holdings

Founded in May 2025, iAltA Holdings has made significant strides in the wealth tech space. A pivotal moment for the company occurred in October, when Bill Crager, former CEO and co-founder of Envestnet, joined as a founding partner. His expertise aims to guide iAltA’s growth and vision in the market.

BridgeFT’s Contributions to Wealth Management

Established in 2015, BridgeFT has garnered attention for its innovative cloud-based services, initially focusing on performance reporting and fee billing. In 2023, the company launched its WealthTech API, offering comprehensive access to critical financial data and analytics.

WealthTech API Features

Aggregated access to financial data from over 900 direct data partners.
Integration with various financial institutions, including banks and asset managers.
Support for different applications used by custodians and brokerage firms.

Strategic Importance of the Acquisition

Crager highlighted the importance of this acquisition, stating, “This acquisition directly supports our mission to build a more connected wealth ecosystem. BridgeFT’s data infrastructure is a critical building block in that vision.” This synergy is especially relevant as private markets increasingly feature in client portfolios.

Building a Digital Infrastructure

iAltA is committed to enhancing digital infrastructure within private markets. The launch of iAltA Private Markets in mid-2025 aims to provide tools for general partners to streamline transactions and cash management.

Award Recognition

BridgeFT has also been recognized within the wealth management sector. It received the Industry Disruptors award at the 2023 Wealth Management Industry Awards, marking its impact and innovation in the industry.