FNZ acquires AJ Bell and ATS software provider JHC

Undisclosed fee

Tom Ellis
clock • 1 min read

Platform technology provider FNZ has acquired, for an undisclosed fee, wealth management software firm JHC, which offers technology services to AJ Bell and Alliance Trust Savings.

FNZ itself provides the technology that powers a number of adviser platforms, including Aviva, Embark, Old Mutual Wealth and Standard Life's Wrap and Elevate offerings. This potentially makes for an odd situation because platform tech rival GBST provides the technology that powers AJ Bell and Alliance Trust Savings. However, FNZ now owns JHC, which also provides software components for those platforms that link up with the GBST technology. FNZ buys 9% of Embark; will provide platform tech until 2028 JHC also provides wealth management technology for a number of other companies, inc...

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