Aviva's robo acquisition to trigger M&A spree, expert predicts

Competitors at "commercial disadvantage"

Hannah Godfrey
clock • 2 min read

Aviva's acquisition of robo-adviser Wealthify is set to change the landscape of the sector by triggering a wave of M&A activity, Ian McKenna has said.

The DigitalWealthInsights.com director (pictured) said Aviva's competitors were likely to reconsider whether they are at a commercial disadvantage to the world's twelfth largest insurer following the deal. On Thursday Aviva announced it had taken a majority stake in robo-investor Wealthify. The insurer said the move was part of its strategy to build customer loyalty by providing a wide range of insurance and investment services managed through its digital My Aviva hub.   McKenna said competitors would be wondering if they had "missed a trick" and would not want to remain on the back f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

AI in financial advice starts with data that's fit for purpose

AI in financial advice starts with data that's fit for purpose

'The firms that benefit most from AI will be those that fix their foundations first'

Luke Miles
clock 26 March 2026 • 4 min read
Adventures in AI: Where next for AI in advice?

Adventures in AI: Where next for AI in advice?

Part three in the series...

Mike Morrow
clock 25 March 2026 • 4 min read
Can small advice firms still compete in a tech-driven market?

Can small advice firms still compete in a tech-driven market?

When AI is finally cracked in the context of financial advice, the competitive advantages will be enormous. The question is whether the economics of the technology market will let smaller firms share in them, writes Max Anderson

Max Anderson
clock 25 March 2026 • 3 min read