OneVue has acquired investor education provider No More Practice for $1.1 million as part of the fintech firm’s strategy of connecting fund managers more directly with advisers and investors.
The No More Practice Education portal delivers education to financial advisers, accountants and brokers. Also included in the acquisition is the consumer-facing education portal, The Investment Series, OneVue said.
“With over 20,000 adviser and accountants registered, and more than 12,000 direct consumer subscribers, the business has strong online distribution capability, and is known for its quality production values in its unique video-led CPD (continuing professional development) learning,” OneVue chief executive Connie Mckeage said.
“No More Practice Education creates a solid foundation from which to deliver additional value to fund managers, investors and advisers.”
Vanessa Stoykov, founder and CEO of No More Practice Education, said to reach more people her company needed scale and access to leading technology, both of which OneVue could provide.
“More importantly, however, we share a vision of how we can create greater opportunity for investors to access professional advisers and fund managers at lower cost and with greater transparency,” she said.
Stoykov has been retained on a consulting basis to contribute to OneVue’s leadership team agenda, the firm said, while her media production business, evolution media group, has signed a long-term contract to continue providing educational content.