iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – has announced it has acquired IFS™ (Impact Financial Systems), a leading provider of service request automation solutions for client onboarding, asset movement, maintenance and advisor transitions.
The company’s low code/no code solutions are deployed at some of the world’s largest brokerage, wealth, banking and insurance companies. The acquisition enables iPipeline to further simplify and automate business activities and increase efficiency for advisors working at Financial Institutions, Broker-Dealers, and RIAs. Tim Parsons, President and CEO at IFS, will be joining iPipeline’s team.
“In the current COVID-19 pandemic, advisors need digital technology more than ever to overcome the business obstacles. 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done a remarkable job of creating and delivering innovative and automated alternatives to less productive manual and outdated processes, and this is contributing in a huge way to driving advisor sales into today’s environment,” said Larry Berran, CEO, iPipeline.
“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. 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. I am pleased to see our IFS product offerings fitting in as valuable components in their low code/no code platform strategy,” said Tim Parsons, President and CEO, IFS. “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.”