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New Deal


Announced

Completed

Franklin Templeton completed the acquisition of AdvisorEngine.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

consulting services

Private

Single Bidder

digital wealth management

United States

FinTech

Majority

Completed

Cross Border

Private Equity

Synopsis

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Franklin Templeton, an American multinational holding company, completed the acquisition of AdvisorEngine, a digital wealth platform and provider of technology and consulting services. Financial terms were not disclosed. "Our next phase of product development has the potential to change the paradigm of what a wealth management platform can be. We are bringing down the walls between CRM, portfolio management and productivity software. As this happens, advisors will deliver on the promise of ‘personalization-at-scale’ in a way that has not been possible previously," Craig Ramsey, AdvisorEngine COO.

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