Volaris will be aligned with CSFB’s Private Client Services business unit, a provider of investment advice to high net worth clients, foundations, endowments and institutions, once the deal is finalized, according to a news release.
Volaris provides yield-enhancement and volatility management services to private clients. The company’s current business model addresses the market volatility of a stock, or portfolio of stocks, as an asset class in itself that can be managed for the benefit of an investor while holding the position. Applying an asset management approach to options strategies using market-based factors and sophisticated analytics, Volaris provides volatility management to its clients, the company said.
Terms of the acquisition were not disclosed. Finalization is subject to regulatory approval.