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October 09, 2020 at 02:39 PM
(Photo: Shutterstock)
Private equity firm LLR Partners has bought investment research provider YCharts. The purchase is tied to a growth recapitalization arrangement made in partnership with the YCharts management team, the firms said Friday.
“LLR Partners purchased 100% of YCharts,” according to YCharts CEO and President Sean Brown. Financial terms weren’t disclosed.
The YCharts’ platform, data, visualization tools and advanced analytics for equity, mutual fund and exchange-traded fund data and analysis are used by about 6,000 RIAs, broker-dealers and asset managers.
The deal aims to support YCharts’ “continued organic growth through increased investment in product and sales and marketing, and [its ability] to pursue complementary acquisitions,” the companies explained in an announcement.
LPL Financial recently made the YCharts platform available to its nearly 16,800 affiliated financial advisors through the independent broker-dealer’s Vendor Affinity Program.
