Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Morningstar completes AdviserLogic acquisition

morningstar/AdviserLogic/acquisition/

2 December 2019
| By Chris Dastoor |
image
image image
expand image

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.

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 6 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 6 days ago

So we are now underwriting criminal scams?...

7 months ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 1 day ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 5 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND