AdvisorBOB©, a platform for advisor compensation, has agreed to acquire Securities Back Office Solutions, Inc. (SBOS), a fintech platform offering compensation, compliance, and commission reporting for broker-dealers, advisory firms, banks, and insurance companies. This acquisition marks a significant expansion for AdvisorBOB, enhancing its functionality, clientele, reporting capabilities, and leadership.
The principal owners of SBOS have over 35 years of experience in the securities industry, including broker-dealer management, compliance, operations, trading, and software system design. This acquisition continues AdvisorBOB’s commitment to investing in our greatest asset, our knowledge of the securities industry, and dramatically enhances our ability to customize our platform to any advisor’s particular business method while providing a superior level of service to each of our users.
SBOS’s client roster includes 16 RIAs with approximately 2,900 financial advisors spanning four custodians. This addition brings AdvisorBOB’s total to over 6,000 advisors and 70 Registered Investment Advisors.
“We offer firms a streamlined, accurate, and scalable compensation solution tailored to their needs. SBOS has excelled in supporting RIAs with advisor-related information, transactions, and statements. Through this acquisition, we’re integrating new functionalities and industry expertise.”
Colton Pence, CEO of AdvisorBOB
Colton Pence, CEO of AdvisorBOB, emphasized the benefits of the merger, stating, “Our product empowers Registered Investment Advisors to transition away from legacy systems and custodians for compensation management. We offer firms a streamlined, accurate, and scalable compensation solution tailored to their needs. SBOS has excelled in supporting RIAs with advisor-related information, transactions, and statements. Through this acquisition, we’re integrating new functionalities and industry expertise.”
Chris Guerin and Lisa Hudson, representatives from SBOS, Inc., shared insights on the merger process. Discussions began in August 2023, driven by shared client bases and technological synergies within the niche market they serve.
As part of the agreement, Chris Guerin and Lisa Hudson will join James Spinelli, Founder and COO of Great Valley Advisor Group, and Jason Early, Founder and CEO of RISR, on the Advisory Board.
