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
ASIC was active in the first quarter of 2025 with several financial adviser bannings and court action, while the FSCP also handed down outcomes to advisers.
With a joint venture announced between WT Financial and Merchant Wealth Partners, the firm may have a US background, but partner David Haintz has a long history with Australian financial advice.
The big four bank is set to see $40 million per annum in cost savings as it continues to migrate customers from its Asgard wealth platform to BT Panorama by FY26.
AMP North has added three new managers to its range of managed accounts for financial advisers and also extended its existing partnership with Betashares.
