Leading cloud-based financial planning software provider Adviser Intelligence (a.i.), has completed a landmark private funding and partnership deal to secure the future of its intelligent advice technology.
The deal was recently signed with privately-owned investment technology firm Avocado Consulting (Avocado).
Representing a multi-million-dollar capital funding and partnership arrangement the deal will allow the fast track expansion of the core a.i integrated advice and CRM technology.
“We are delighted to have found in Avocado a partner with the right ‘can do’ cultural fit and which shares our vision of being a pre-eminent source of transformative financial advice technology,” said a.i founder and CEO Jacqui Henderson.
Avocado has successfully delivered proven development & technology innovation to the banking, finance, telecommunications and government industries, valued at over $560 million.
The group is a ‘quiet force’ behind major information technology programs and integration services for some of Australia’s largest blue chip companies and government departments.
Ms Henderson said the partnership with Avocado provides an opportunity to transform the way financial planning advice is delivered, to better serve financial advisers, and ultimately to materially benefit the end client.
“By unlocking the transformative power of smart personal financial advice, I believe we can make a real social impact, along the way enhancing the advice industry and the financial education of clients.”
Gerardo Barranquero, founder and CEO of Avocado, said the partnership was an opportunity to participate in the rapid evolution of digital financial advice.
“We are pleased to partner with a.i. in the next phase of its business. We expect and look forward to supporting Jacqui and her team to continue revolutionising the financial planning sector with intelligent and intuitive advice solutions.
“One of the standout features of the a.i. leadership team is the uniquely high-calibre of financial technology leaders, who also happen to be female. In an industry dominated by men, it’s refreshing to see pioneering women leading in the financial technology space,” he said.