Principal Financial Group acquired RobustWealth, a financial technical company, on July 2.

RobustWeath provides solutions for investment advisors using a platform combing several features in one suite.  

With the acquisition, clients will have access to annuity and protection products in addition to investments, such as ETF and mutual funds. The platform features document vaults, electronic account opening, automated rebalancing, billing/remittance, open architecture use of investment options and institutional quality goals-and-risk based investment portfolios. RobustWealth’s technology has been developed by industry experts to assist investment advisors optimize their practices.

The acquisition will result to a more efficient service to Prinicipal Financial Group's clients using RobustWealth’s digital advisory capabiliites.