Asset International Adds Two Market Intelligence Firms

The acquisition of Market Metrics and Matrix Solutions from FactSet will broaden AI’s portfolio of proprietary data and business intelligence capabilities for advisers and asset managers.

Asset International (AI), publisher of PLANADVISER and PLANSPONSOR and provider of data-driven business intelligence for the asset management industry, today announced plans to acquire Market Metrics and Matrix Solutions from FactSet.

AI describes Market Metrics and Matrix Solutions as “leading data and research firms for adviser-sold investments and insurance worldwide,” pointing out that the acquisition expands Asset International’s deep proprietary asset management and insurance industry data sets. The acquisition also provides Asset International with “a unique delivery model from C-level face-to-face meetings to the industry leading Financial Clarity analytics platform.”

Through the acquisition and its existing business lines, Asset International aims to provide a one-stop shop for data and insights supporting product innovation, manufacturing, sales and distribution for the asset management and insurance communities—while also providing market surveillance solutions and marketing channels for this community.

Market Metrics was founded in 1993 and is headquartered in Boston. Matrix Solutions was founded in 1985 and is headquartered in London. AI says both companies have a “heritage of providing strategic consulting and mission-critical data sets for mutual funds, variable annuities, mortgages and life insurance.” The acquisition is expected to close within 45 days.

Commenting on the acquisition, Asset International CEO Joel Mandelbaum said the firm will continue its push to “realize our ambition of creating the go-to supplier for the asset management community. The combination of Asset International with Market Metrics and Matrix Solutions represents an excellent fit for our clients and employees, and we are delighted to be joining forces.”

Owned by Genstar Capital, Asset International provides proprietary data, business intelligence, information services and marketing solutions to the global investment management industry. AI‘s portfolio includes investment flow data, research, analytics, editorial and events for the global asset management community, asset owners and custodians, plus TCA for 500 million trades per month.

More information on AI is available here