Wealth management firm Isio is to acquire fintech and AI-driven technology and investment firm Collidr for an undisclosed sum.
The acquisition will increase Isio’s capabilities in the wealth space. The wealth manager offers investment management via its Model Portfolio Service (MPS) and discretionary fund management (managed accounts service) for family offices.
The deal remains subject to FCA approval.
Collidr, founded in 2010, operates through two businesses. Collidr Technologies Limited, offering AI solutions to businesses, and Collidr Asset Management Limited, providing FCA-regulated investment management.
The company manages over £3.8 bn in assets, specialising in both bespoke and ready-made model portfolios.
Isio claims that Collidr’s technology digitises investment processes, reduces bias, and enables systematic, intelligence-driven decisions.
Isio claims the acquisition will enhance its investment solutions for financial advisers by integrating advanced technology, adviser tools, and co-manufacturing expertise alongside its institutional investment capabilities.
Andy Tunningley, partner and head of wealth at Isio, said the acquisition will help Isio become a ‘leading force’ in the MPS market.
He said: "This acquisition represents a significant milestone for Isio, uniting institutional capability with advancements in innovation and technology. Subject to FCA approval, we look forward to integrating our collective expertise into the business, collaborating with them to deliver clarity, confidence and better outcomes for advisers and their clients."
Subject to FCA approval, the Collidr team will become part of Isio Investment Solutions.