FolioDynamix raises $7,500,000

FolioDynamix Inc., a New York-based provider of software for the wealth management market, has raised $7.5 million.  FolioDynamix provides technology and services to a wide array of companies in the Wealth Management market including large brokerage firms, RIAs, asset managers and banks. The company’s highly differentiated software provides front, middle and back office integration as well the capability to manage Mutual Fund Wrap, Separately Managed Accounts and Unified Managed Accounts in a single offering. In addition to their software platform FolioDynamix provides vetting, recommendation and selection of money managers and will begin offering overlay management and rebalancing services.