Investmaster Acquired by Burns e-Commerce Solutions
Investmaster Group, owned by Canadian investment management company AGF Management, has been acquired by Burns e-Commerce Solutions. The acquisition comes at a time when the wealth management market is experiencing a continued period of buoyancy and growth. Burns sees potential for Investmaster and a synergy to utilise its own products and services to provide a broader wealth service proposition, and deliver significant growth to the business. Peter Little, chief executive of Burns, takes the same position at Investmaster and John Dallas, joint founder of consultancy firm CSTIM and Non-Executive Partner of Morse, joins the company as chairman. Burns plan to enhance Investmaster’s InVantage product set with the introduction of its process automation technologies and software as a service (SaaS) delivery techniques. The intention is to broaden Investmaster’s proposition with this technology. At the same time, regulation continues to drive significant change across the industry with MiFID coming into force in November. Burns technologies have been developed and adapted for the regulatory environment, and support Investmaster’s compliance functionality for data exchange and integrity.