Ignites Asia is reporting that Asset International, the New York-based parent company of research house Strategic Insight, is acquiring Plan for Life, which provides product-and firm-level data and research on Australia’s fund and life insurance space. Both firms say the deal will boost their coverage of fund flows, which may give their respective clients additional tools for benchmarking regional business.
Melbourne-based Plan for Life, with its key analysts on board, will become part of Strategic Insight, which has offices in New York, London and Hong Kong. That will allow Strategic Insight to combine data feeds from most of the world’s major investment markets to chart product and distribution trends on a global level.
Plan for Life currently provides quarterly reports and data to more than 80 core clients, which include global fund managers with business in Australia, such as Vanguard; consultants and accountants, such as Deloitte; and regional sponsors of funds, retirement solutions and insurance products, such as National Australia Bank. Sell-side analysts, from firms like Goldman Sachs and Merrill Lynch, also use the research to cover public fund companies.
USA, New York, NY & Australia, Melbourne