Investment manager Invesco buys IFA tech firm Intelliflo
American investment management company, Invesco, has purchased adviser technology firm Intelliflo for an undisclosed sum.¹
Intelliflo specialises in back-office solutions tailored to the adviser market. Its popular Intelligent Office (iO) software solution is used by around 30% of UK financial advisers and 19,500 investment professionals.
Backed by European private equity investor HgCapital since 2013, the technology firm has invested in robo-advice projects as well as integrating with digital investment services such as Moneyhub.²
Invesco president and CEO Martin L. Flanagan said: “The UK continues to be a key market focus for Invesco. We fully recognise that digital solutions are increasingly important as we seek to improve the support we provide for advisers to help them and their clients achieve their desired investment outcomes.”¹
Invesco currently manages more than $972.8 billion dollars’ worth of assets on behalf of clients worldwide.
Intelliflo Executive Chairman Nick Eatock said: “We are really excited by the promising future for our business and clients as part of Invesco’s global organisation.
“This will allow us to significantly invest in our core technology to help advisers meet the rapidly evolving demands of providing advice in the 21st century.”¹
Intelliflo CEO Hamish Purdey added: “We will continue with our open architecture philosophy after the sale – it remains critically important to us that our financial adviser customers continue to be able to partner with the platforms, product providers, asset managers and software partners they choose.”¹
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All figures correct as at 31.12.2019.