StoneCastle Acquires Intermedium Financial to Augment Clientele Financial Operations

StoneCastle Insured Cash Sweep, LLC on Wednesday announced that it had acquired Intermedium Financial’s insured deposit sweep operations. The acquisition included FinTech and InterLINKTM platform together with other related assets.


The acquisition of Intermedium’s sweep business would solidify StoneCastle’s position as the front-runner in insured deposit provision toward institutional investors. This move aligns with their expanding strategy and aims of reaching financial advisors, brokers and dealers, 401Ks, and other market segments.


In his statement, Stephen Rotella, the CEO of StoneCastle, declared the company’s intention to become a differentiated and disruptive force in the industry. He further added that the firm looks forward to increasing the value of financial intermediaries and their customer base. This is because of the efficiency yet to be realized from the acquisition transaction. Mr. Rotella was highly optimistic because the acquired InterLink platform complemented and augmented the company’s technology-led business while exponentially expanding their business.


How the Companies Complement Each Other


StoneCastle prides itself in its sales and marketing capabilities, particularly when addressing the insured investment needs of institutional clients paired with their vast network that includes some of the largest financial institutions in the country. Mr. Rotella, furthermore, acknowledged that the incorporation of sweep assets and its features toward business operations would effectively aid StoneCastle in employing its business solutions. Registered investment advisors, brokerage companies, and other financial intermediaries experiencing challenges would be the beneficiaries. He added that clientele value would be optimized while the company’s assets grew and became more profitable.


John Marshall, Director of Intermedium, expressed his delight as they had found the right residence for their FinTech platform and sweep business. He praised StoneCastle and acknowledged its ambitious growth strategy and vibrant brand.


StoneCastle Cash Management, LLC


StoneCastle is among the best administrators of insured cash services for large institutions as well as institutional investors. The company offers its technology and operational platforms through a regular cash sweep service for brokerages, trusts, RIAs, and other services provided by financial intermediaries. The company is backed by Charlesbank Capital Partners and CIBC. StoneCastle is owned by StoneCastle Partners, LLC, founded in 2003.


Mr. Rotella Elected as LIFT’s Chairman


In December 2015, Stephen Rotella was elected as the chairman of the LIFT National Board. Kirsten Lodal, the Co-Founder of LIFT, commended Mr. Rotella for his outstanding work in his previous post as the head of the development committee. Mr. Rotella has over three decades of experience and a background in financial services in operational and strategic leadership.




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