Fintech company Fintel today announced its conditional acquisition of fund rating agency Rayner Spencer Mills Research (RSMR).
The fund research firm, which also runs a managed portfolio service, will become part of Defaqto, another financial data agency owned by Fintel.
Its CEO Matt Timmins said he hopes to expand Defaqto’s research capabilities with this new acquisition, stating: “Utilising a rigorous research methodology, their ratings are a badge of quality, due diligence and reputation.
“RSMR is another strategically important acquisition, adding industry expertise, insight and data that is complementary to Defaqto’s.”
Fintel has been growing rapidly as of late, acquiring an additional eight companies in the past year alone. These include AKG, VouchedFor, Competent Adviser, Micap, Synaptic, Owen James, ifaDASH and threesixty.
This ninth acquisition is expected to complete in the coming months, subject to regulatory approval.
This story was written by our sister title, Portfolio Adviser
