Asset International buys Plan For Life
Melbourne-based researcher Plan For Life has been acquired by Asset International (AI), a global provider of data and analytics for the asset management industry.
Plan For Life will become part of AI’s Strategic Insight division based in New York, Hong Kong and London. Strategic Insight is a supplier of data, tools and research to the global asset management industry and will have access to Plan For Life’s more than 100 Australian clients.
Plan For Life will continue to focus on providing business intelligence data and research for the Australian managed fund and life insurance markets, and will have its data distributed to Strategic Insights’ 250 clients throughout Europe, Asia and the United States.
The head of Strategic Insight’s global consulting office in Hong Kong, Daniel Enskat, said Australia offers lessons and opportunities to the retirement savings industry around the world, noting that Australia already enjoys the highest household ownership of mutual funds among developed nations.
Plan For Life has been operating for 20 years and is led by its founder and managing director, Simon Solomon.
Recommended for you
A former Sydney investment manager has pleaded guilty to two counts of insider trading regarding a potential takeover of Platinum Asset Management, having acquired $2.6 million of Platinum shares.
As the firm enters a new growth phase, Orbis Investments managing director Jason Ciccolallo has said it is looking to strengthen relationships with retail advisers to align with the firm’s institutional reputation.
The former director of United Global Capital has received a decision from the Administrative Review Tribunal regarding an appeal of his 10-year ban from providing financial services.
AMP-owned North has announced a senior manager appointment as the platform explores growth opportunities in its addressable adviser market.