Fund data and technology company FE fundinfo has acquired cashflow planning provider CashCalc for an undisclosed sum.
FE said cashlow planning was a "natural extension" of the fund selection process, where it already provides products such as FE Analytics. CashCalc, it added, would continue to be on offer as a stand-alone product after the purchase. FE also said it would be "investing significantly" in the integration between the tools as well as platform and back-office integrations. The business said it hoped the acquisition of CashCalc, founded in Newport by IFA Ray Adams in 2014, would result in better advice outcomes for advisers and clients. In August 2019 CashCalc hit the £100bn assets under ...
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