iPipeline, a US-based provider of cloud-based software solutions for the life insurance and financial services sectors, has acquired Impact Financial Systems (IFS), an automation solutions provider for client onboarding, asset movement, maintenance, and advisor transitions.

iPipeline said that the acquisition enables it to simplify and automate business activities further and boost efficiency for advisors working at financial institutions, broker-dealers, and registered investment advisors (RIAs).

Larry Berran – CEO of iPipeline said: “The acquisition positions iPipeline to offer next-generation low code/no code products to Financial Institutions, Broker-Dealers and RIAs along with our AFFIRM, iGO e-App and Laser App products to substantially expand the advisor tools in our SSG Digital platform. Their workflow engine is second to none in the industry and contributes in a huge way to ensuring the necessary suitability reviews have taken place for compliance.”

The low code/no code solutions of Impact Financial Systems are said to be deployed at some of the largest brokerage, wealth, banking, and insurance firms across the world.

Tim Parsons – President and CEO of Impact Financial Systems, commenting on the acquisition by iPipeline, said:  “I am pleased to see our IFS product offerings fitting in as valuable components in their low code/no code platform strategy.

“We have focused on adding new integrations and features to our products while insisting on simplicity and a consistent advisor experience to keep our Broker-Dealer and RIA customers on the cutting edge of digital enablement. I look forward to working closely with Larry’s team, increasing the value of the SSG Digital Platform for our collective customers, and further growing iPipeline’s network to foster industry collaboration.”

Tim Parsons will be joining iPipeline’s team.

  Impact Financial Systems, Insurance industry news, iPipeline, Larry Berran, Tim Parsons, USA