Invesco acquires UK technology platform Intelliflo.
Global Banking News-June 19, 2018-Invesco acquires UK technology platform Intelliflo
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Atlanta-based Invesco Ltd. has acquired Intelliflo, a market-leading UK provider of advisor-focused digital solutions, the company said.
Intelliflo supports the business of approximately 30% of UK advisors. Intelliflo's Intelligent Office software platform is the backbone of the UK wealth sector, assisting financial advisors across the full advice journey -- including client relationship management, financial planning, client reporting, portfolio valuation and provision of advisor-led automated advice.
The transaction has closed. Given that the transaction was not material to Invesco's financial position, terms of the transaction were not disclosed. This transaction will not impact Invesco's intention to resume share buybacks by yearend 2018, when the firm's debt leverage is reduced to the previously announced targets. Evercore acted as financial adviser to Intelliflo.
Invesco Ltd. is an independent global investment management firm dedicated to delivering an investment experience that helps people get more out of life.
Intelliflo offers a comprehensive front-to-back office technology platform for financial advisers and their support teams. Intelliflo sells to approximately 2,000 firms, including Legal & General, Nationwide Building Society and SimplyBiz.
((Distributed via M2 Communications - http://www.m2.com))
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|Publication:||Global Banking News (GBN)|
|Date:||Jun 19, 2018|
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