Forge Acquires IRA Services
Shortly after announcing its rebrand and the expansion of its Series B funding to $85 billion, Forge has acquired IRA Services.
The acquisition is designed to enhance Forge’s ability to serve private-market investors. Forge will now be able to provide an integrated investing experience for investors who want to hold assets with an independent third-party custodian.
IRA Services has emerged over the last several decades as a leading provider of custody and administrative services for individual investors, financial advisors, asset sponsors and financial institutions.
According to Forge CEO Kelly Rodriques, the acquisition of IRA Services allows Forge to better serve the ongoing liquidity needs of the private market economy by empowering companies, investors, and institutions with liquidity, and providing safe and secure, transparent custodial services.
“Recognizing that the private markets seed innovation, our mission is to serve the ongoing liquidity needs of the private-market economy,” Rodriques said. “In joining with IRA Services, Forge will expand its ability to meet the needs of private-market investors by providing an integrated custodial solution that allows them to seamlessly and securely invest in a wide range of innovation companies.”
Once the acquisition is complete, IRA Services will be known as Forge Trust and will continue to work with its key partners to provide custodial services.
