Software provider, GBST, has confirmed the acquisition of cloud-based end-to-end financial planning software solution, Advice Intelligence.

Advice Intelligence offers financial advisers an independent CRM solution, client engagement, goals-based advice, mobile, workflows and apps together in a single digital platform.

GBST revealed that it expects “strong global demand” for its complete suite of cloud-based solutions including its capability to deliver digitally driven optimised advice for retail investors and their advisers.

The firm also suggested that Advice Intelligence can be “highly complimentary” to GBST’s recently acquired Salesforce adviser solution, GBST WealthConnect, and will further accelerate the company’s ability to offer both digital and hybrid advice to the global wealth market.

Global CEO of GBST, Robert DeDominicis, commented: “The acquisition accelerates the delivery of our roadmap and positions GBST perfectly to capture a significant share of the growing advice practice management, digital and hybrid advice markets through the delivery of its market leading cloud-based portfolio of solutions.

“With the combined offerings of GBST, GBST WealthConnect and GBST Advice Intelligence to streamline advice and enhance client experience, GBST is well-equipped to expand its presence in the UK, Australia, and internationally,”

Founder of Advice Intelligence, Jacqui Henderson, who will join GBST following the acquisition, added: “We’re thrilled to join a company as innovative and forward-thinking as GBST, with four decades of industry experience, an enviable client list, global footprint, and a collaborative and supportive culture.

“This acquisition provides GBST with an opportunity to progress and expand the growth of its digital advice solutions and I am certain we will achieve great things together.”

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