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YieldStreet acquires WealthFlex

YieldStreet Inc. has acquired WealthFlex, a digital platform that allows clients to convert traditional individual retirement account investments into self-directed private investments.

Digital wealth management platform YieldStreet said the acquisition marks its entry into the retirement industry. Financial terms of the deal were not disclosed.

WealthFlex founder and CEO Joe DiDomenico is joining YieldStreet as director of retirement services.