FE fundinfo’s acquisition of AdviserAsset has been called a ‘master stroke’, expanding its due diligence capabilities.
Fe fundinfo said the deal will enable its clients to benefit from “enhanced market-leading financial planning software solutions” that streamline client engagement and onboarding, financial research and planning and investment product selection and reporting.
The firm said advisers face growing client demands for improved outcomes and deeper regulatory obligations in the wake of the Consumer Duty.
The deal will enable advisers to undertake product and platform switch analysis involving multiple client holdings, as well as benefit from AdviserAsset’s large platform database.
These additional tools will be powered by FE Analytics, FE fundinfo’s fund research and analysis solution.
FE fundinfo said the acquisition marks the latest move in its mission to provide advisers with a comprehensive, data-driven, end-to-end platform that helps clients grow their business, manage risk and maintain high standards of service.
Liam Healy, CEO at FE fundinfo, said: “Through our recent growth and strategic acquisitions like AdviserAsset, we are building a suite of solutions that support each critical function of the profession, from onboarding and engagement to research and planning. Professionals fundamentally want easy to use integrated tools that deliver clear recommendations, helping clients make informed decisions about their investment goals.
“We’ve already made several acquisitions to support advisers on this journey and we will be continuously looking for new opportunities to deliver them greater access to investment insights.”
Ian Mckenna, founder of AdviserSoftware.com, said FE fundinfo had “pulled off a master stroke” acquiring the software to support advisers with their Consumer Duty obligations.
“The rules on platform switching are complex and demanding but Consumer Duty makes regular reviews to check the client has the best platform. AdviserAsset can save advisers hours carrying out detailed analysis. FEfundinfo could use this as a platform to become a crucial player in the UK platform market enabling the sort of efficiency improvements advisers have wanted for years.”
