The company's WealthTECH investment banking platform will cater to technology firms that serve the wealth management industry. The firm has developed a proprietary mapping system that segments the wealth management technology ecosystem of over 1,000 companies into six sectors and 42 sub-sectors. This approach is designed to help technology firms see where they fit into the industry and work out their business options.

“As the industry has grown, there has been a direct correlation of growth and investment in technology companies serving all aspects of the wealth management space,” Dan Seivert, CEO of ECHELON Partners, said in a statement.

"We have worked with wealth tech companies of all sizes, stages of development and functionality, from firms like FiServ, SEI and Bisys, to firms like Laserfiche, FolioDynamix and Total Rebalance Expert. We are very excited to formalise our investment banking platform in this space and further customise our offering to meet the specific requirements of this evolving industry," he said.

“The rise and evolution of robo advisors will continue to change the wealth management landscape, and the way companies decide to utilise and integrate them into their broader technology platform will be critical to their future success,” Seivert added. “As a result, we anticipate that traditional firms will be focused on acquiring these capabilities and we are actively building out our investment banking capabilities to support their strategies.”