Insight

IQ-EQ’s new acquisitions drive growth for the U.S. market

US

IQ-EQ are dedicated to providing the highest level of client service, and we look to partner with firms who share our values: technical expertise and a superior understanding of client needs. Throughout this past year, we’ve expanded in the United States with new partnerships and acquisitions, prioritising partners that evidence these same values of business agility, innovation and a dedication to outstanding client service.

In February 2020, we made our first acquisition in the United States with Blue River Partners, an investor services provider specialising in the administration of hedge funds and private equity. With the largest and fastest-growing fund administration and regulatory compliance market in the world, entering the U.S. market with Blue River Partners has further cemented our position as one of the top investor services providers globally.

We now provide a broad service offering through one of the leading alternative fund administration and outsourced services providers in the U.S. In addition, our shared entrepreneurial approach, coupled with a strong focus on providing high levels of client service has positioned the newly combined entity as the provider of choice for alternative asset managers.

As we gained momentum in the U.S. market with specialized fund administration services, we also acquired Constellation Advisers in December 2020. This provided us with a unique opportunity to bolster our services as a leading provider of fund administration, CFO & COO services and regulatory compliance solutions for the U.S. market.

It also gave us a footprint in the middle office operations solutions and advisory business. Constellation Advisers enabled us to provide a larger pool of expertise and experience for our clients, not only from across our newly enlarged U.S. teams, but on a global basis. The incoming Constellation Advisers team brought a wealth of expertise in outsourced services and a trusted reputation that, together with Blue River, will make IQ-EQ a significant and dynamic player in the market.

Our latest acquisition in the US market, Concord Trust Company, was our first foray in the U.S. private wealth space, adding further strength and depth to our growing U.S. operations. As the U.S. private wealth market continues to grow, more tailored and specialised back-office and administrative services are required to better serve U.S. clients. Demand for customisation, an increase in family offices, an evolving regulatory environment and the coming generational wealth transfer to Millennials means that the private wealth industry must change rapidly to cater to the evolving needs of its clientele. Our experience navigating these tricky waters in Europe means we are also uniquely suited to helping U.S. clients forge a path forward.

With these new acquisitions, IQ-EQ has been able to further establish its presence in the global institutional and private sectors. We’ve also been able to cast our eye towards providing what our client base needs most: unmatched technical expertise, unwavering focus on delivering excellent client service and a common culture when it comes to business and risk appetite .

We selected each of these firms based on their existing dedication to this set of core values and we look forward to integrating them into the larger IQ-EQ brand based on these aligning principles.

As IQ-EQ continues its expansion into the bustling U.S. market, we see the potential for future acquisitions to further support the evolving fund administration and compliance space. These recent successful partnerships in the alternatives, private wealth and C-suite services spaces only increase interest in additional development in the region. We expect to see more to come in private wealth partnerships, the expanding alternatives market and even expanding as far as the West Coast, giving IQ-EQ a full coast-to-coast reach across the U.S. market. We’re excited for what the future holds for us and our clients.