Asset International buys Plan For Life
Melbourne-based researcher Plan For Life has been acquired by Asset International (AI), a global provider of data and analytics for the asset management industry.
Plan For Life will become part of AI’s Strategic Insight division based in New York, Hong Kong and London. Strategic Insight is a supplier of data, tools and research to the global asset management industry and will have access to Plan For Life’s more than 100 Australian clients.
Plan For Life will continue to focus on providing business intelligence data and research for the Australian managed fund and life insurance markets, and will have its data distributed to Strategic Insights’ 250 clients throughout Europe, Asia and the United States.
The head of Strategic Insight’s global consulting office in Hong Kong, Daniel Enskat, said Australia offers lessons and opportunities to the retirement savings industry around the world, noting that Australia already enjoys the highest household ownership of mutual funds among developed nations.
Plan For Life has been operating for 20 years and is led by its founder and managing director, Simon Solomon.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
