FE fundinfo acquires wealth management fintech Dericon

UK-based financial data firm FE fundinfo has acquired German wealth management fintech Dericon, marking its seventh acquisition in over three years. This move aims to enhance FE fundinfo’s wealth management services and solidify its presence in the DACH markets.

The acquisition of Frankfurt-based wealthtech Dericon represents a significant step in FE fundinfo’s European expansion. Pending regulatory approval, this deal will provide FE fundinfo’s clients with direct access to one of Germany’s largest distribution networks for asset managers.

Dericon boasts an extensive distribution network for financial products, utilized by over 150 leading banks and global investment firms in their advisory processes. Its web-based Dericon WMS platform supports the compliant structuring of financial products, offering improved data provision and meeting increasing regulatory demands in Germany and the EU.

This strategic investment also connects FE fundinfo’s asset management clients to Germany’s largest distribution network through the Sparkassen Group, a network of public banks serving 50 million customers. This move strengthens FE fundinfo’s role as a strategic partner for fund managers, facilitating the connection of investment product information to major distribution channels in Europe and the UK.

Dericon’s clients and partners will benefit from FE fundinfo’s stable, long-term shareholder base, which will support the further development and expansion of Dericon’s independent B2B securities platform.

FE fundinfo chief executive Liam Healy stated, “FE fundinfo is on a mission to further its position as a long-term strategic partner to the investment-management community. The team at Dericon has built a solid business, and through our partnership, we further bolster our commitment and capabilities in Germany by more clearly connecting investment-product information to distributors such as banks and savings banks for our mutual and future clients. For Germany’s 50 million individual investors, this will provide the best access to the broadest range of investment opportunities through Dericon’s transparent and competitively differentiated solution powered by FE fundinfo.”

Andreas Krause, founder and managing director at Dericon, added, “Dericon has built a reputation as a strong, innovative, and reliable digitalisation partner for our clients and partners, and through serving them, we’ve developed a deep understanding of the German distribution market. With FE fundinfo, we’re excited to grow our reach and bring our data and technical capabilities to the wider international financial industry.”

This acquisition is part of FE fundinfo’s ongoing growth strategy, with recent deals including the acquisition of fund distribution service Adjuto in September 2023 and French data provider Funds360 in February 2024.

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Source: bobsguide.com