The glut of recent deals in the financial technology market has continued with the merger of the British risk profiling company FinaMetrica with the Canadian company PlanPlus. The new entity will be known as PlanPlus Global, and will have customers in 30 countries.
FinaMetrica’s Risk Tolerance Toolkit has a market leading position in helping financial firms and their advisers to analyse and review the risks in their portfolios. It claims to have been used more than 1m times by thousands of firms. Its clients include BlackRock and Goldman Sachs Asset Management.
PlanPlus’ main subsidiary, Complete XRM is a software company primarily focused on selling CRM SaaS-based offerings in the productivity category, focusing on multi-currency, multi-jurisdiction financial and investment planning applications.
FinaMetrica’s co-founder Paul Resnick says: “The strategic match between FinaMetrica and PlanPlus is extraordinary. Our products complement each other and we share a common commitment to delivering financial systems that prioritize client’s best interests. Meanwhile, we both have global businesses serving the corporate market and individual advisors. The merger comes at just the right time for us to meet the market’s demands for an affordable, scalable and defensible advice solution that can be applied internationally across platforms, channels and borders.”