Midwinter acquires InvestmentLink
Financial planning software provider Midwinter has announced it has completed its transaction to acquire InvestmentLink.
InvestmentLink was Australia’s largest independent datafeed repository, which fully serviced the Australian financial planning market.
The acquisition was completed on 10 May 2019 and financial details of the transaction had not been disclosed.
The majority of InvestmentLink staff would be retained, and the technology and teams would be consolidated over time.
Midwinter co-founders James Murphy, Andrew McClelland and Julian Plummer had been appointed to the InvestmentLink board.
Plummer would become managing director, while Salvador Saiz would maintain key relationships with platforms and datafeed clients.
“Midwinter identified that the InvestmentLink datafeed service will be a crucial component of the future advice landscape, given that the impending Open Banking legislation completely ignores superannuation products.” Plummer said.
“Additionally, we have found many of our digital superannuation fund clients prefer not to implement any systems where their members are required to share credentials to banking portals.”
AUTHOR
Chris Dastoor
Recommended for you
Former wealth firm director Joshua Fuoco has been convicted of contempt of court, sentenced and permanently banned from being involved in financial services after breaching a 10-year ban.
In its first FY26 action, ASIC has cancelled the AFSLs of two Sydney advice firms over their failures to pay industry funding levies.
The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets.
For the 2025 financial year, all but one listed advice licensee has reported double-digit share price growth – but which licensee has seen the best performance and what activities have they enacted during the period?
