CashCalc’s acquisition by fund research operation FE fundinfo was a logical step and could help advisers cut costs in the long term, according to commentators.
The deal, announced on Thursday morning (13 May), saw the sale of the cashflow planning provider to FE for an undisclosed sum. FE said cashflow planning was a "natural extension" of the fund selection process, where it already provides advisers with products such as FE Analytics. CashCalc, it added, would continue to be on offer as a stand-alone product. Mike Barrett, consulting director at the lang cat, said the deal made an "awful lot of sense" and looked like a good outcome for all concerned, advisers and users included. Barrett said the consultancy's State of the Adviser Nation...
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