Aquilance, a firm dedicated to complex financial administration for wealthy families and individuals, has announced it has secured $30.0 million in new investment capital from investors. This funding round is set to bolster the company's operations and strategic growth plans as it continues to serve a specialized market.
Founded in 1987 and formerly known as My Accountant, Aquilance was established to address the intricate financial administration needs unique to families and individuals of wealth. The firm offers a comprehensive suite of services, including personal bookkeeping and bill pay, consolidated accounting across multi-entity family structures and complex investment partnerships, consolidated investment performance reporting, and ILIT administration. Its enduring mission is to enrich the quality of life for clients by eliminating the time spent managing family finances and to empower effective decision-decision-making through the delivery of timely and accurate reports to families and their advisors.
The $30.0 million capital infusion marks a significant milestone for Aquilance, underscoring investor confidence in its established model and specialized service offerings. The company plans to strategically deploy these funds to accelerate its growth initiatives. This includes investments in enhancing its technology infrastructure, expanding its team of financial administration professionals, and scaling its operational capabilities to meet increasing client demand and broaden its service reach.
This investment positions Aquilance to further solidify its market leadership in sophisticated financial administration. The company remains committed to its core mission of providing unparalleled support to its clientele, enabling them to focus on their priorities while ensuring their financial affairs are managed with precision and expertise. Aquilance anticipates continued expansion as it leverages this capital to innovate and deliver value to its discerning client base.
