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Financial Advisory  + Alternative Assets  + Direct Investment  + Hedge Funds  + M&As  + RIAs & Financial Advisors  |  March 7, 2024
JP Morgan’s Neovest Acquires LayerOne Financial
By: Joe Palmisano

JP Morgan’s Neovest Acquires LayerOne Financial

JP Morgan subsidiary Neovest has expanded its hedge fund offerings with the acquisition of NY-based LayerOne Financial, an investment management platform.

The deal will enable the multi-asset and broker-neutral order and execution management platform to provide integrated execution, order, and portfolio management services.

The Neovest platform will allow users to send orders to their brokers, manage positions, monitor portfolios, and conduct risk assessments and compliance checks from a single platform.

“Following this acquisition, Neovest can enable clients to manage their full investment lifecycle with one software provider,” said Jimmi Shah, Neovest CEO.

Neovest’s acquisition of LayerOne Financial is its second announcement in recent months, following its partnership with MAIA Technology to improve Fulcrum Asset Management’s execution capabilities in December. The two have collaborated to develop a joint offering for the asset manager.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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