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."