Company Moves: ZEDRA, Bravura, Sedgwick, ButcherJoseph, Orix, AFH, Morningstar, Wealth Enhancement Group

Pedro Gonçalves
Company Moves: ZEDRA, Bravura, Sedgwick, ButcherJoseph, Orix, AFH, Morningstar, Wealth Enhancement Group

ZEDRA Group, a specialist in Trust, Corporate and Fund Services has acquired LJ Fiduciary, from investment firm Alvarium. LJ Fiduciary will be rebranded and merged into the existing ZEDRA network. The deal is subject to local regulatory approval. 

LJ Fiduciary's Swiss and Isle of Man service offering encompasses global private client, fund and corporate administration services that will enhance ZEDRA's strategy in the ‘active-wealth' space offering.

Bravura Solutions has acquired FinoComp for $17.3m. FinoComp is an Australian software company that will add functionality to Bravura and bring new wealth management clients from the UK.

The software company said the acquisition was made in a bid to deepen Bravura's technical capabilities, creating a compelling opportunity to deliver "plug and play" solutions to a broader addressable market. Bravura added that the acquisition also opens significant cross-sell opportunities between FinoComp and Bravura clients.

Sedgwick, the international insurance services firm, has acquired Maphilindo International Sdn Bhd in Malaysia, in a bid to expand its footprint in the Asia-Pacific region.

Maphilindo International is one of the largest loss adjusters and claims management firms in the country, according to a statement by Sedgwick. The company was founded in 1967 by Richard Lee, who has been CEO and executive chairman for the past 52 years. Headquartered in Kuala Lumpur, it has over 200 employees and 14 offices.

ButcherJoseph Financial Holdings, an affiliate of investment banking firm ButcherJoseph & Co, has acquired Laffer Investments Inc, an SEC Registered Investment Advisor (RIA).

Laffer Investments was founded in 1999 by economist, Arthur B Laffer and currently provides investment management advice to individuals and portfolio management services to institutions totalling almost $600m. The firm will be renamed Laffer|Tengler Investments.

Orix has agreed to buy US real estate lender Hunt Real Estate Capital in order to tap into the country's property-linked loan market.The US and Latin America business hub for Tokyo-based ORIX Corporation will buy all of Hunt Real Estate Capital shares, according to a Bloomberg report, citing anonymous sources as the deal has not yet been announced.

British wealth consolidator AFH Financial Group has acquired Warwickshire-based Groom Associates for a maximum consideration of £615,000. The deal includes an initial consideration of £321,000, which will be paid from the company's cash reserves. The remaining amount will be paid in cash over the next 26 months.

The deal amount is subject to Groom's performance criteria.

Morningstar has agreed to purchase AdviserLogic, a provider of cloud-based financial planning software catering to advisers, for an undisclosed sum.

The research firm carried out the transaction through its Australian unit Morningstar Australasia. Headquartered in Australia, AdviserLogic serves advisers through its core financial planning software AdviserLogic, revenue management software PayLogic, as well as client data aggregation engine DataLogic.

Wealth Enhancement Group
Wealth Enhancement Group has agreed to buy RCL Advisors, a New York-based RIA, for an undisclosed sum.

RCL tends to wealthy individuals and institutions, with its service suite including investment management, tax strategies, trust and estate planning, retirement planning, and education planning, among others.


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