Austin Capital-backed AdviserSource completed the acquisition of Advisory Equity.

Austin Capital-backed AdviserSource, a national consulting services firm, completed the acquisition of Advisory Equity, a marketplace app provider. Financial terms were not disclosed. "We are excited to bring the Advisory Equity platform into AdviserSource as another tool we can offer to help provide objective marketplace valuation services for financial services companies. Advisory Equity's platform is well positioned to help us service the growing demand for succession planning among independent financial advisory firms. We see tremendous opportunities to drive continued growth and our strategic investment will support the company's long-term vision and commitment to its clients," Phillip Chang, AdviserSource President.