FE fundinfo, has acquired due diligence and product selection tool provider, AdviserAsset.
AdviserAsset offers a range of tools for financial advisers, enabling product and platform switch analysis involving multiple client holdings.
FE fundinfo’s clients will also benefit from AdviserAsset’s large platform database, supporting them in assessing charges and benefits when switching platforms.
See also: ‘Generational divide’ between seasoned advisers and newcomers
The additional tools will be integrated with the current product for all clients as a research and selection module.
Liam Healy, FE fundinfo CEO, 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.”
Colin Turton, founder and CEO of 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.”
See also: Invesco says growth and employment figures now driving markets as it takes defensive position
