Morningstar completes AdviserLogic acquisition

Research house Morningstar Australasia has completed its previously announced acquisition of AdviserLogic, a cloud-based software platform for financial advisers in Australia.

AdviserLogic’s 80-plus employees across Australia and India have joined Morningstar, including chief executive Daniel Gara.

AdviserLogic had built a client base of 1,500 independent financial advisers across approximately 550 practices.

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It had three core applications: AdviserLogic, its core financial planning software; PayLogic, its revenue management software; and DataLogic, its client data aggregation engine that collected data from platforms.

Terms of the acquisition were not disclosed.




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