Competing for Advisers With Tools and Services: Retirement Industry M&A Activity
PLANADVISERJune 20, 2018
Starting off the week, in a deal that combines two fiduciary training and technology solution providers, news emerged that Fi360 has acquired the Center for Fiduciary Management (CFFM). Talking through the motivation behind the acquisition, Bill Mueller, CEO of Fi360, told PLANADVISER that compatible corporate cultures and a shared vision for the long-term future were both top factors in getting the deal done.
“I first met Scott Revare, founder and CEO of CFFM, more than a year ago, and it became evident quite quickly that he had a similar corporate outlook to ours—one that is very client service oriented,” Mueller said. “I got the feeling right away that [CFFM] understands where the industry is going. The process unfolded all the better as we found out that they have some key pieces of the puzzle that we didn’t.”
