Abrdn, the investment manager formerly known as Standard Life Aberdeen, is buying a new digital wealth platform.
It will purchase the digital wealth management arm of Nucoro.
Nucoro provides investing and wealth management products to clients including banks.
Exo investing, its B2C offering, will now be owned by Abrdn.
What does this mean?
Abrdn says the acquisition will enable it to offer customers 24/7 wealth management via an app – clients can invest their money with customised, themed or fully automated approaches.