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Principal Financial to acquire RobustWealth

  • Principal Financial Group (PFG +0.3%) will acquire RobustWealth, a financial technology company. Terms of the transaction were not disclosed.
  • With the acquisition, RobustWealth gains access to insights from Principal’s work with more than 16M customers across the globe, while Principal will be able to better serve its clients with leading digital advisory capabilities.
  • The RobustWealth platform will retain its open architecture philosophy and operate independently under a management committee within Principal. RobustWealth will continue to sell their platform to firms outside Principal as part of their growth strategy.

This was corrected on 07/21/2022 at 4:51 AM. The original item erroneously had "PVG" ticker instead of "PFG"

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Principal Financial Group, Inc.