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FNZ to power Close Asset Management platforms

Close Asset Management has linked up with FNZ to power its new direct to consumer and adviser platforms.

The firm, which acquired national IFA Cavanagh last month in a £26.3m deal, says it will benefit from FNZ’s experience in the market with a phased launch planned later this year.

Close Asset Management head of wealth management Steven Mendel says: “FNZ is known for the strength of its platform, and its global delivery record, which is why we chose to partner with it for this build. We genuinely believe this platform will give the best flexibility and service to our clients.”

FNZ Group chief executive Adrian Durham says: “This is an innovative move by Close, to align its two platform propositions, and it is the direction the industry is leading, rather than running platforms as separate businesses, we envision they will be increasingly more integrated.”

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