(Alliance News) - Investment platform IntegraFin Holdings PLC on Monday said it has acquired Time for Advice Ltd, which provides software for financial planning and wealth management companies.
IntegraFin did not disclose financial details of the purchase. Time for Advice has 5,000 advisers and owns software product CURO, a cloud solution for financial planning businesses which is built on Microsoft Dynamic 365. CURO offers "business process automation, unlimited access to data and accessible from any device from anywhere in the world".
IntegraFin said: "This acquisition supports IntegraFin's strategy to provide platform and associated services to clients and their advisers."
Shares in IntegraFin were down 0.4% at 571.88 pence in London on Monday.
On Monday last week, IntegraFin announced it had no intention to make an offer for Edinburgh-based financial wrap platform Nucleus Financial Group PLC.
In December, the FTSE 250-listed investment platform confirmed it was reviewing the possible acquisition of Nucleus, adding that any offer made will likely be in cash. This was as Nucleus announced the receipt of a takeover proposal from private equity firm Epiris LLP. However, discussions ultimately resulted in IntegraFin declining to make an offer.
By Anna Farley; annafarley@alliancenews.com
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IntegraFin Holdings (IHP)