Adviser Intelligence forges new partnership
Adviser Intelligence has secured a leading private funding partnership deal with privately owned Avocado Consulting, to secure the financial future of its intelligent advice technology and fast track the expansion of its core technology.
Avocado has a long history of development and technology innovation provision within banking, finance, telecommunications and government industries, valued at close to $600 million.
For Adviser Intelligence chief executive, Jacqui Henderson, this recently-signed multi-million dollar capital funding arrangement will boost the expansion of the company's integrated advice and CRM technology.
Henderson said that Avocado shared her company's core values and vision, with plans to become a source of transformative financial advice technology.
"By unlocking the transformative power of smart personal financial advice, I believe we can make a real social impact...enhancing the advice industry and the financial education of clients," she said.
Avocado chief executive, Gerardo Barranquero, agreed that the partnership was a mutual opportunity to demonstrate advanced technological enhancement, as well as being able to join the rapid evolution of digital finance advice.
"We expect...to continue revolutionising the financial planning sector with intelligent and intuitive advice solutions," he said.
"We are pleased to partner with Adviser Intelligence in the next phase of business."
AUTHOR
Hope William-Smith
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
