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Fi360 Acquires CFFM to Expand Fiduciary Product Offerings.

MANews-(C)2009-2018

21 June 2018 - Pennsylvania, US-based fiduciary-related education and technology provider Fi360 has acquired Kansas, US-based Center investment management technology provider for retirement plan advisors Fiduciary Management (CFFM), the company said.

Terms of the transaction, which closed on June 14, 2018, were not disclosed.

The acquisition joins together two providers of fiduciary focussed tools and training. The expanded lineup of tools and resources now available from Fi360 sets the bar for technology, training and data solutions that enable advisors to work as fiduciaries.

The combined firms will service 55,000 investment professionals and over 120,000 retirement plans and amplifies Fi360's reach among institutions, including multiple wirehouses and some of the nation's other largest broker-dealers. Fi360

Fi360, a fiduciary education, training and technology company, helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors' assets. Since 1999, the firm has provided financial professionals with the tools necessary to act as a fiduciary in their work with investors.

CFFM offers four flagship products that are widely used among financial advisors, including FiRMPlus, an investment due diligence platform, RFP director, a research and RFP management platform for providers, Stable Value Navigator, with data and insight on stable value funds along with an opportunity to compare products, and Fiduciary Pilot, which is a standardised, automated due diligence reporting platform.

Country: USA

Sector: Banking/Financial Services

Target: Fiduciary Management (CFFM)

Buyer: Fi360

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jun 21, 2018
Words:255
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