FE fundinfo, a financial data platform serving the asset management sector, has acquired the German WealthTech firm Dericon. This marks FE fundinfo’s seventh acquisition within a span of just over three years, following their recent purchases of the fund distribution service Adjuto in September 2023 and the French data provider Funds360 earlier in February 2024.
Dericon has established a distribution network utilized by over 150 leading banks and global investment houses in their advisory processes. This investment also connects FE fundinfo clients to the Sparkassen Group, a network of public banks that collectively serve more than 50 million customers across Germany.
Dericon’s Wealth Management System (WMS) platform facilitates the compliant structuring of financial products, enabling clients to enhance their data services while adhering to increasing regulatory requirements in Germany and the EU. The firm is currently collaborating with partners investify Tech and dwpbank to develop a marketplace for asset managers, set to launch in the fourth quarter of 2024.
Andreas Krause, Dericon’s founder and managing director, stated, “We plan to further build our innovative WMS platform into a fully-featured German distribution hub that speeds access to market data and regulatory solutions, providing unrivaled value for clients.”
With a long-standing presence in the region, FE fundinfo is committed to expanding its German network through additional strategic investments and product innovations. Liam Healy, CEO of FE fundinfo, commented on the acquisition, saying, “The team at Dericon has built a solid business, and through our partnership, we enhance our commitment and capabilities in Germany by connecting investment product information to distributors like banks and savings banks for our mutual and future clients. For Germany’s 50 million individual investors, this will provide the best access to a broad range of investment opportunities through Dericon’s transparent and competitively differentiated solution powered by FE fundinfo.”