Research nerds rejoice—Fi360 announced Thursday that it has completed an agreement with Blue Prairie Group to acquire the latter’s stable value fund quantitative research and database.
Effective immediately, all data archives will be transferred to Fi360, and all future data will be available through Fi360’s independent platform.
The acquired data is derived from 35 fund managers and $450 billion-plus in assets.
Pittsburgh-based Fi360, a fiduciary-related education and technology firm widely known for its fiduciary designations, will maintain the collection, management and analysis of the data, making the reports available to advisors, broker-dealers and institutions through its Stable Value Navigator product.
The data and associated analysis provides an overview of stable value as an asset class and facilitates proper due diligence among financial professionals.
“Blue Prairie Group has distinguished itself as an expert in the stable value space, and we saw a tremendous opportunity to add value for our advisor clients and institutional partners by expanding upon their data,” Bill Mueller, chief executive officer of Fi360, said in a statement.
Fi360’s Stable Value Navigator allows the ability to compare products.
It was added to Fi360’s overall suite of offerings following the firm’s June 2018 acquisition of the Center for Fiduciary Management (CFFM), which maintained a long-standing partnership with Blue Prairie Group to provide the most relevant and detailed research and analytics for users.
“Fi360 has long been recognized for our objective, quantitative and analytical products, and we remain dedicated to providing the transparent and reliable data that advisors need. This approach will be applied to the stable value data, ensuring advisors have the resources they need to make informed, fiduciary-minded decisions for their clients,” added John Faustino, Fi360’s chief product and strategy officer.
“Fortified by this extensive data and research, the Stable Value Navigator tool is unmatched in the industry,” Mueller concluded. “It offers the largest stable value database for advisor use and facilitates fund comparisons and detailed analysis so advisors can make informed decisions for their clients.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
