Global investment management firm Invesco has acquired Intelliflo, the UK’s leading technology platform for financial advisers.

Intelliflo has been owned by HgCapital, a leading European private equity investor in B2B technology companies, since 2013.

Since its creation in 2004, Intelliflo experienced rapid growth and became the leading technology platform for financial advisers in the UK, supporting the business of around 30% advisers.

 

Intelliflo’s Intelligent Office (“iO”) software platform assists financial advisers across the full advice journey – including client relationship management, financial planning, client reporting, portfolio valuation and provision of advisor-led automated advice.

Martin Flanagan, President and CEO of Invesco, said: “Invesco believes that financial advisers play an important role in enabling clients to reach their unique investment goals. The UK continues to be a key market focus for Invesco. We fully recognize 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.”

Colin Meadows, Senior Managing Director and Chief Administrative Officer for Invesco, added: “Invesco has a strong track record in the US, through our Jemstep digital advice business, of successfully partnering with and investing in technology experts to provide advisors with the innovative and flexible tools they need to develop their business, while maintaining an independent, open architecture approach. We look forward to seeing what Intelliflo can achieve for UK advisors with increased product investment.”

 

Hamish Purdey, Intelliflo CEO, said: “In a comparatively short space of time, we have built one of the UK’s largest pure-play Software as a Service (SaaS) businesses, and we now look forward to expanding our business, taking our market-leading technology into new markets across the globe. We will continue with our open architecture philosophy after the sale – it remains critically important to us that our financial advisor customers continue to be able to partner with the platforms, product providers, asset managers and software partners they choose.”

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