On May 12, 2015, FoilioMetrix LLC announced that it will merge with American Independence Financial Services, LLC to create a new company called RiskX Investments, LLC.
FoilioMetrix LLC was founded in 2009, and manages 11 funds currently in distribution. American Independence Financial Services, LLC is an investment advisory firm that provides investment advisory services to 10 separate funds, as well as separately managed accounts, with an aggregate of approximately $800 million in assets under management.
Grail Partners LLC was responsible for initiating the merger. The newly created entity, RiskX Investments, LLC, will manage a total of approximately $1.1 billion in funds and separately managed accounts. The transaction is expected to be completed in September 2015. Terms of the deal were not disclosed.
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