FinaMetrica merges with Canada’s PlanPlus

Long-established financial risk tolerance firm, FinaMetrica has announced an international merger.

The firm announced on Tuesday it would be merging with Canadian firm, PlanPlus effective from 1 August.

It said the merged entity would be branded PlanPlus Global but the globally recognised PlanPlus and FinaMetrica brands would also continue to offer their products on a stand-alone basis.

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The merger announcement said each company was a recognized international leader in its market – PlanPlus for its innovative multi-currency, multi-jurisdiction financial and investment planning software and FinaMetrica for its proven personal financial risk tolerance measurement tools. 

It said the merger meant PlanPlus Global could now offer an integrated solution – around evidence-based investment suitability – to banks, investment managers and financial advice enterprises who want to build robust, defensible planning and advice applications that can be scaled globally.

Commenting on the transaction, FinaMetrica co-founder, Paul Resnik said it represented an extraordinary strategic match with the products of the two companies complementing each other.

PlanPlus founder and chief executive, Shawn Brayman noted that the two firms had collaborated for over a decade.

“We believe we are the first truly world class provider of professional advice solutions for enterprises and individual planners. Our products range from the world's most respected psychometric risk tolerance profiler to a goal-based robo-adviser to comprehensive financial planning, all in several languages with more than 12,000 users in dozens of countries,” he said.




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