Link Group acquires Adviser Network
Link Group has announced the acquisition of Adviser Network from Lonsec Fiscal Holdings.
The acquisition of the Adviser Network business, which was founded in 2011, would complement the existing product suite provided by Link Group’s Information Digital and Data Solutions (IDDS) business division, Link Group said.
Adviser Network’s product list includes robo-advice services, Super Blueprint, which provides advice across investment choice, retirement adequacy, superannuation contributions and insurance.
IDDS chief executive, Paul Gardiner said: “The acquisition of Adviser Network is firmly in line with Link Group growth strategy”.
“Superannuation funds are increasingly tapping into the power of technology to improve the member experience, and via the digital expertise of Adviser Network, Link Group will be even better placed to assist funds to develop bespoke solutions.”
Lonsec Fiscal CEO, Amanda Gillespie said Lonsec would focus on new developments including the soon to be launched Lonsec Connect, which would change the way people approached analysing financial services industry data.
AUTHOR
Malavika Santhebennur
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
