iPipeline Acquires IFS

The acquisition expands the SSG Digital Platform to include low-code/no code advisor products for onboarding, asset movement, maintenance and transitions.

(Image source: IFS homepage.)

iPipeline (Exton, Pa.) a provider of cloud-based software solutions for the life insurance and financial services industry, has acquired IFS (Impact Financial Systems; Davidson, N.C.), a provider of service request automation solutions for client onboarding, asset movement, maintenance and advisor transitions. Deployed at some of the world’s largest brokerage, wealth, banking and insurance companies, IFS’s technology will enable iPipeline to expand its SSG Digital Platform further simplify and automate business activities and increase efficiency for advisors working at financial institutions, broker-dealers, and RIAs, according to an iPipeline statement. Tim Parsons, President and CEO, IFS, will be joining iPipeline’s team.

Tim Parsons, President and CEO, IFS.

“In the current COVID-19 pandemic, advisors need digital technology more than ever to overcome the business obstacles,” comments Larry Berran, CEO, iPipeline. “Tim Parsons and his team at IFS have done a remarkable job of creating and delivering innovative and automated alternatives to less productive manual and outdated processes, and this is contributing in a huge way to driving advisor sales into today’s environment.”

“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.  I am excited to welcome Tim and his team to iPipeline,”

“Larry and his team have assembled an impressive platform through internal development and strategic acquisitions executed during the past 12 years, says Tim Parsons, President and CEO, IFS. “I am pleased to see our IFS product offerings fitting in as valuable components in their low code/no code platform strategy.

Larry Berran, CEO, iPipeline.

New Integrations and Features

IFS has focused on adding new integrations and features to its products while insisting on simplicity and a consistent advisor experience to keep its broker-dealer and RIA customers on the cutting edge of digital enablement, according to Parsons. “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,” he adds.

DecisionPoint M&A (Charlotte, N.C.) advisory services acted as the exclusive sell-side advisor to IFS in the transaction.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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