iAltA Acquires Precept to Tackle Wealthtech’s Integration Problem

iAltA Holdings is accelerating its push into wealthtech infrastructure with the acquisition of Precept, a platform designed to streamline integrations across the fragmented advisory technology stack. 

The deal marks the second acquisition within iAltA’s Wealth vertical, following its January purchase of BridgeFT, and reflects a broader industry trend toward consolidating data and connectivity layers across financial platforms. 

Precept enables product and engineering teams to deploy integrations across custodians, clearing firms, TAMPs, CRMs and portfolio management systems in real time, addressing one of the most persistent operational bottlenecks in wealth management. 

“Precept solves one of the most persistent constraints in wealthtech: slow, expensive, and brittle integrations,” said Bill Crager. “By combining BridgeFT’s market leadership and Precept’s innovations, iAltA is in a strong position to unify the infrastructure that underpins public and private markets.” 

The platform operates as a universal gateway, standardizing and mapping data across systems using its Portable Data Mapping (PDM) framework, which allows integrations to be more easily built, validated and shared across environments. 

“Our mission from day one has been to deliver deep integrations across any system in real time,” said Mark Ovaska. “Joining iAltA will accelerate delivery of Precept’s approach across public and private market platforms.” 

Launched in 2025 by founding partners Scott Ganeles, Bill Sherman and Crager—with backing from WestCap—iAltA has been rapidly scaling its platform through acquisitions, including Verivend, Betterfront and Delio.