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Burns e-Commerce #3 – Acquistions – Leading wealth management solutions company acquired

According to corporate website, Burns e-Commerce has acquired Investmaster Group Ltd from Canadian investment management company AGF Management Ltd for an undisclosed sum.  According to Peter Little, CEO of Burns:

“The synergy between the two companies is technology based. Both organisations support and assist companies operating in environments that are manually intensive, paper-based and heavily regulated. We see great opportunity to combine the expertise and technology in these areas to bring new innovation to the wealth management market.”

I don’t get it! Wealth management, and document exchanges – I cannot see a synergy other than the transactions! First thing to do is understand the capability of Investmaster Group.

Investmaster Group Limited has been providing IT solutions to the wealth management and institutional broking sectors for over 20 years. Investmaster has a well established client base and its technology handles over 25 percent of the London Stock Exchange’s daily private client volumes. The Group employs 62 plus IT professionals in the development of truly integrated front, middle and back office systems and is committed to the provision of genuine straight-through processing solutions. Investmaster’s InVantage product suite covers client management, reporting and the full trade lifecycle from front office decision support through to settlement, ensuring pre- and post-trade compliance and underpinning the clients’ business in an increasingly regulated market.

Looks like Burns is adding B2C capability to existing B2B environment – tricky! Perhaps a telephone call is needed to Neil Baker to better understand the expected synergies.


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