Bravura Solutions acquires Midwinter Financial for A$50m

Pedro Gonçalves
clock • 1 min read

Bravura Solutions has agreed to acquire Australian financial advice provider Midwinter Financial Services for A$50m ($33.81m) in cash. Sydney-based Midwinter develops the financial planning software AdviceOS, which offers back office administration for financial advisers and self-directed digital advice portals for superannuation funds. Bravura said Midwinter's core product, AdviceOS, is a natural extension to Bravura's existing software solutions and client base, sitting alongside retirement savings, investments and life insurance. The acquisition will be funded by cash and is exp...

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