FE fundinfo, a financial data company connecting the asset management industry to wealth management networks in the UK, Europe and Asia, has acquired due diligence and product selection tool provider, AdviserAsset.
In a statement today (12 September) FE fundinfo said its clients will “benefit from enhanced market-leading financial planning software solutions that streamline client engagement and onboarding, financial research and planning, investment product selection and reporting – ensuring more confident decision-making and best client outcomes, all in one place”.
Financial advisers are facing growing client demands for improved outcomes and deeper regulatory obligations since the introduction of Consumer Duty regulation. FE fundinfo’s suite of advisory modules provides advanced tooling that helps advisers provide clear advice and support for financial decisions, enabling good client outcomes.
AdviserAsset delivers in-demand and easy-to-use tools for financial advisers, and enables financial advisers to undertake product and platform switch analysis involving multiple client holdings – a unique approach supporting better client decision-making.
FE fundinfo further said clients will also benefit from AdviserAsset’s large platform database, supporting them in assessing associated charges and benefits with switching platforms.
These additional tools will be integrated with the current product framework for all clients as a research and selection module powered by FE Analytics, FE fundinfo’s all-in-one solution for fund research and analysis.
The acquisition is the latest in FE fundinfo’s mission to empower financial advisers with a comprehensive, data-driven end-to-end platform that helps clients grow their business, manage risk and maintain the highest standards of service in a fast-evolving financial landscape.
Liam Healy, CEO at FE fundinfo said: “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 said: “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.”
