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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
Joe Palmisano
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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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