Exclusive: GBST buys financial planning software firm Advice Intelligence
Summary
Wealthtech company GBST has taken the next step in its growth strategy with the acquisition of cloud-based financial planning software solution Advice Intelligence. GBST said it expects “strong global demand” for its complete suite of cloud-based solutions including its capability to deliver digitally driven optimised advice for retail investors and their advisers. The purchase of Advice Intelligence is the latest step in GBST’s plan to expand its suite of adviser technology with a scalable and CRM-agnostic solution. Spearheaded by this transformation and recent organisational change, the rebrand reflects the company’s “ongoing commitment to inspiring wealth innovation”. Commenting on the latest deal, GBST global chief executive Robert DeDominicis said: “The acquisition accelerates the delivery of our roadmap and positions GBST perfectly to capture a significant share of the growing advice practice management, digital and hybrid advice markets through the delivery of its market-leading cloud-based portfolio of solutions.
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