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Merger for TrustNet

Online UK fund information provider TrustNet and data supplier Financial Express Prestel are merging in a move they say will create a one-stop information shop for IFAs.

The two firms, which will retain their separate branding, say the merger will allow them to meet all IFA data requirements, including daily prices and dividends, factsheets, total return statistics, capital events and key features documents.

IFAs will not see any difference on either company&#39s website but can access additional services through both, allowing advisers to utilise the tools and data of Financial Express through TrustNet&#39s electronic platform.

Although the company will focus on the intermediary market, TrustNet and Financial Express say they will continue to develop relationships with fund managers which can white-label their services or lease it on a bespoke basis.

TrustNet sales and marketing director James Jones says: “TrustNet and Financial Express will be in pole position to provide reliable data and state-of-the-art investment tools to better educate and inform investors and financial professionals.”

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