MassMutual to Acquire Flourish


January 6, 2021

On December 14, 2020, Massachusetts Mutual Life Insurance Company announced an agreement to acquire Flourish.

Under the terms of the agreement, Massachusetts Mutual Life Insurance Company (“MassMutual”) will acquire Flourish from Stone Ridge Asset Management. Flourish provides digitally enabled products and services to registered investment advisors through modules such as Flourish Cash, which is offered through Stone Ridge Securities LLC. Flourish will operate independently from MassMutual’s existing insurance and wealth management business and will continue to serve RIAs. The deal is expected to close in the first quarter of 2021. Further terms of the agreement were not disclosed.

MassMutual, based in Massachusetts, is a mutual life insurance company that is run for the benefit of its members and participating policyowners. As of March 2020, MassMutual had $46.6 billion in assets under management.

Flourish, based in New York, is a fintech platform for RIAs. Flourish services more than 350 RIAs representing more than $600 billion of assets under management.

To read the press release: please click here.

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