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Principal Financial to acquire digital wealth management platform

Principal Financial Group Inc. will acquire Lambertville, N.J.-based RobustWealth, a digital wealth management platform.

RobustWealth will remain under the management of CEO Mike Kerins.

The RobustWealth platform will retain its open architecture philosophy and operate independently under a management committee within Principal. It will continue to sell its platform to companies outside Principal as part of their growth strategy.