FE fundinfo acquires wealth management fintech Dericon
UK-based financial data firm FE fundinfo acquires German wealth management fintech Dericon. This marks FE fundinfo’s seventh acquisition in over three years, aiming to expand its wealth management services and strengthen its presence in the DACH markets.
FE fundinfo advances its European expansion by acquiring Frankfurt-based wealthtech Dericon. The deal, which still awaits regulatory approval, will grant FE fundinfo’s clients direct access to one of Germany’s largest distribution networks for asset managers.
Dericon has established an extensive distribution network for financial products, utilised by over 150 leading banks and global investment firms in their advisory processes. Through its web-based solution, Dericon WMS platform, the company supports the compliant structuring of financial products, enabling better data provision and meeting increasing regulatory demands in Germany and the EU.
This strategic investment also links FE fundinfo’s asset management clients to Germany’s largest distribution network via the Sparkassen Group, a network of public banks with 50 million customers. This further solidifies FE fundinfo’s role as a strategic partner for fund managers aiming to connect investment product information and financial products to major distribution channels in Europe and the UK.
At the same time, Dericon’s clients and partners will benefit from a stable, long-term shareholder base to fully support its strategy’s further development and expansion to build the best-in-class independent platform in the B2B securities industry.
FE fundinfo chief executive Liam Healy said: “FE fundinfo is on a mission to further its position as a long-term strategic partner to the investment-management community.
“The team at Dericon has built a solid business, and through our partnership we further bolster our commitment and capabilities in Germany by more clearly connecting investment-product information to distributors such as banks and savings banks for our mutual and future clients.
“For Germany’s 50 million individual investors, this will provide the best access to the broadest range of investment opportunities through Dericon’s transparent and competitively differentiated solution powered by FE fundinfo.”
Andreas Krause, founder and managing director at Dericon, added: “Dericon has built a reputation as a strong, innovative and reliable digitalisation partner for our clients and partners, and through serving them we’ve built a deep understanding of the German distribution market.
“With FE fundinfo, we’re excited to grow our reach and bring our data and technical capabilities to the wider international financial industry.”
Dericon is FE fundinfo’s seventh acquisition in just over three years, with recent dealss including fund distribution service Adjuto in September 2023 and French data provider Funds360 in February 2024.
