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Invesco acquisition of Intelliflo will see ‘significant investment’ into software

10 June 2018

Adviser technology provider Intelliflo, which operates the Intelligent Office (iO) back-office system, has been acquired by Invesco from its current venture capital owners, HgCapital.

Launched in 2004, Intelliflo says it currently supports the business of approximately 30% of UK advisers.

The Intelligent Office software platform offers functionality including client relationship management, financial planning, client reporting, portfolio valuation and provision of advisor-led automated advice.

Martin L. Flanagan, president and CEO of Invesco said: “The UK continues to be a key market focus for Invesco. We fully recognise that digital solutions are increasingly important as we seek to improve the support we provide for advisers to help them and their clients achieve their desired investment outcomes.”

Invesco said it would be leveraging its experience of running its Jemstep digital advice business and investing in the product “to provide advisers with the innovative and flexible tools they need to develop their business, while maintaining an independent, open architecture approach”.

Nick Eatock, executive chairman and one of the founders of Intelliflo said the firm was “really excited by the promising future for our business and clients as part of Invesco’s global organisation”. He added: “This will allow us to significantly invest in our core technology to help advisers meet the rapidly evolving demands of providing advice in the 21st Century.”

Hamish Purdey, Intelliflo CEO added: “In a comparatively short space of time, we have built one of the UK’s largest pure-play Software as a Service (SaaS) businesses, and we now look forward to expanding our business, taking our market-leading technology into new markets across the globe.

“We will continue with our open architecture philosophy after the sale – it remains critically important to us that our financial advisor customers continue to be able to partner with the platforms, product providers, asset managers and software partners they choose.”


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