Independent financial advice data and ratings agency, Adviser Ratings, has completed the acquisition of the wealth data analytics and research business, Beddoes Institute.
Adviser Ratings says Beddoes Institute has been operating since 2014, primarily assisting retail life insurers with direct actionable insights in the financial advice space. It also operates the Most Trusted Adviser brand and Adviser Trust! Score and helps advice practices and licensees through its benchmarking solutions.
Adviser Ratings’ Founder, Angus Woods says Beddoes has built an “…exceptional data business with wide ranging clients across the life insurance and wealth sector.”
He adds that combined with his firm’s data “…we will not only enhance the value proposition for our own clients but Beddoes’ clients. Harnessing the power of Beddoes’ data to its full extent will help provide a powerful combined market offering.”
Adviser Ratings says that Beddoes’ key solutions currently include:
- The Life Insurance Industry Performance Barometer, which is a program that is a 360-degree view of life insurance advisers and customers and advisers
- The Practice Benchmark Study, which analyses data and insights for licensees and practices on their structures, systems, processes, staffing, remuneration and financial performance
- The Most Trusted Adviser Network, which highlights the best of the best advisers in Australia through its comprehensive analytics engine
Beddoes CEO, Bill Nikolovski, who will remain a part of the combined entity, says his firm is focused on providing behavioural data and actionable insights to problems its clients face.
Woods says they are focused on helping the industry “…leverage the modern world of big data, and its intersection with enabling technology. We want to help advisers help consumers.”
