FE fundinfo, a financial data company that links wealth management networks in the UK, Europe, and Asia to the asset management industry, has acquired AdviserAsset, a provider of due diligence and product selection tools, in an effort to expand its range of services for UK advisers.
Customers of FE fundinfo will profit from improved, competitive financial planning software solutions that simplify financial research and planning, investment product selection, client onboarding, and reporting, all in one location, resulting in confident choices and the best possible client outcomes.
Since the implementation of the Consumer Duty legislation, financial advisers have had to deal with an increasing number of clients demands for favourable outcomes and more stringent regulatory duties.
The collection of advising modules from FE fundinfo offers sophisticated tools that enable advisers to support and clarify financial decisions for their clients, contributing to satisfied customers.
Financial advisers can do product and platform switch analyses involving numerous client holdings with AdviserAsset’s user-friendly and prevalent tools. The extensive platform database of AdviserAsset will also be advantageous to FE fundinfo’s clients, helping them weigh the costs and advantages of moving platforms.
Moreover, all clients will have access to these extra features as part of a study and selection module that is connected with the present product structure and powered by FE Analytics, FE fundinfo’s comprehensive fund research and analysis solution.
The purchase is the latest step in FE fundinfo’s objective to provide financial advisers with a complete, data-driven end-to-end platform that supports clients in expanding their businesses, controlling risk, and upholding high standards of service in a financial environment that is always changing.
Liam Healy, CEO at FE fundinfo, stated: “FE fundinfo is committed to becoming the go-to partner for the investment management community. 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.”
Colin Turton, founder & CEO at AdviserAsset, added: “Changing where a client’s wealth is invested can be one of the more challenging moments for a financial adviser. There are clear FCA regulations under Consumer Duty that mean change needs to be clearly justified and communicated to a client to help them make an informed decision. AdviserAsset has led the way in investment switching, costs and charges comparisons and platform due diligence, challenging the market to go further in delivering rigorous analysis to help advisers and their clients understand the implications of making a switch with their money. As part of FE fundinfo’s offering, it will help set a new benchmark for financial advice tools and services in the market today.”
“FE fundinfo acquires AdviserAsset” was originally created and published by Private Banker International, a GlobalData owned brand.
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