Morningstar acquires AdviserLogic
Research and ratings House Morningstar has acquired adviser software firm, AdviserLogic.
The company announced today that Morningstar Australasia Pty Ltd had acquired AdviserLogic in a transaction expected to be completed by the end of the month.
The parties did not disclose the terms of the transaction.
Commenting on the transaction, Morningstar Australasia managing director, Jamie Wickham said the company believed in the value of financial advice and was excited to expand its ability to support advisers.
“Financial planning software is at the heart of the advice process,” he said. “Combined with Morningstar’s deep data, analytics and research, AdviserLogic’s focus on user experience and advice workflow will enable us to elevate and differentiate our technology solutions.
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
