FE fundinfo has acquired Contengo, a UK-based technology provider delivering advanced performance reporting, wealth analytics and data migration solutions to IFAs.
Contengo’s data engine collects and ingests transaction and client data from adviser platforms and back-office systems.
The acquisition will see Contengo’s solutions integrated into FE fundinfo’s Nexus platform as part of a new Command Deck.
In November 2024, FE fundinfo launched Nexus, an integrated platform designed to enable investment management professionals across the investment lifecycle.
Nexus will now “further connect underlying workflows and both business and client data across the IFA value chain, bringing an integrated client service to its IFA clients and providing them with an advice command deck”.
Contengo’s integration into Nexus for Financial Advisers will also provide advisers with “enhanced money-weighted performance insights”, powered by AI.
This will allow advisers to gain “greater visibility into their portfolio’s performance”.
FE fundinfo said the main benefits of this integration are:
- Advisers will be able to deliver more accurate, real-time financial plans, eliminating manual data entry, reducing errors and enabling instant scenario.
- FE Analytics licensed users will be able to monitor live portfolio performance, benchmark against simulated portfolios, and demonstrate Consumer Duty compliance through comparative outcome analysis.
- Advisers will gain access to a centralised visibility of fees, streamlined cost monitoring, enhanced transparency and client reporting through the integration of platform charging data into the Nexus Command Deck.
FE fundinfo chief executive officer Liam Healy said: “Contengo’s performance reporting and data validation tools are a natural extension for Nexus and will bring substantial value to our adviser clients.
“This acquisition underscores our commitment to providing IFAs with a unified, data-rich experience that drives better outcomes for their clients and streamlines day-to-day operations.
“We’re thrilled to have Contengo as part of FE fundinfo, and look forward to how it will help Nexus for Financial Advisers connect underlying workflows and both business and customer data across the IFA value chain, bringing a central Command Deck and integrated client service to financial advisers.”
Contengo founder and CEO Louisa Southey said: “Joining forces with FE fundinfo represents an exciting new chapter for Contengo.
“Our shared vision of leveraging technology to empower financial advisers means our clients will benefit from enhanced capabilities, deeper data insights and a seamless user experience across all of the adviser capabilities that Nexus has to offer.
“We’re looking forward to how we can continue to innovate across the adviser space, and we’re excited about the possibilities for Contengo in this new form.”
Speaking to Money Marketing, FTRC and AdviserSoftware.com founder Ian McKenna said: “FE fundinfo have made a series of acquisitions in recent years. These extend their adviser tech offering considerably beyond their long-standing Analytics product.
“For a major data provider to acquire a firm with specialist skills in consolidating data with other data sources is a smart move, and could be a hard one for others to easily emulate.”
Contengo is the fourth acquisition for FE fundinfo in 2025.
