Tifin Group acquires pair of fintech companies
BOULDER — The Tifin Group LLC, an asset and the wealth management industry holding company, has acquired risk profiling company Totum Risk and personal financial planning company MyFinancialAnswers.
The CEOs of the acquired companies, Larry Shumbres and Ben Pitts, respectively, will join Tifin, according to a company news release.
Terms of the deal were not disclosed.
“Tifin’s operating companies are building innovative fintech products to help align asset managers with wealth managers to deliver better outcomes and experiences for individuals,” Tifin CEO Vinay Nair said in the release. “Our companies such as Magnifi, Positivly and Clout are growing their…
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