Alaris Acquisitions, a sell-side advisory for the wealth management sector, has introduced Lens, an AI-powered matchmaking platform to support registered investment advisors (RIAs) in mergers and acquisitions (M&A).
This application is designed to offer quick and precise matches of buyers and sellers.
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Lens incorporates AI algorithm that evaluates numerous data points to establish a compatibility score. This score is crucial in aligning RIAs with potential buyers, ensuring a cultural fit that is often neglected in standard M&A practices.
The platform’s dual emphasis on cultural and financial compatibility is set to enhance the probability of enduring success in M&A deals, according to the company.
Its AI-driven matchmaking capabilities is claimed to ensure a more streamlined and cost-effective approach compared to conventional methods.
By focusing on a refined selection of buyers, Lens facilitates a more targeted competitive process, stated the company.
Alaris Acquisitions founder and CEO Allen Darby said: “M&A advisors have very limited data on the buyers outside of how they might structure a transaction. This forces them to use the only tool available to find a buyer for their client: the blind financial auction.
“We saw the opportunity to combine today’s technology with our knowledge of the buyers, accrued and compiled over years and thousands of hours. With Lens, I believe we are changing the M&A experience for advisors–now and in the future.”
Alaris Acquisitions uses its proprietary Deal Advocacy methodology to identify and match partners with suitable buyers.
It replaces the financial auction method with a “cultural auction” using its catalog of buyer models in wealth management.
