Investoo Group has acquired RoboAdvisors.com, a company that is a Robo-advisor comparison site. This is the lates acquisition for Investoo. Last month, Investoo purchased TradingGuru. Specific terms of the acqusition were not revealed.
Investoo’s acquisition of RoboAdvisors.com positions the platform to expand into the Portfolio Management industry.
Investoo Group CEO Adam Grunwerg said the acquisition represents a major turning point for their compamy.
“Robo advisors is a rapidly growing market that we feel will revolutionise the personal investments industry. This acquisition fits nicely into our group of brands, alongside our investment and news portal Invezz.com.”
RoboAdvisors.com allows visitors to select their prefered robo-advisor according to their personal requirements. Investoo said it aspires to establish RoboAdvisors.com as the best robo-advisor comparison site worldwide.
David Merry, Investoo Group Chairman, said the acquisition was an exciting development is part of their commitment to revolutionizing personal finance and investment.
“We are always looking for growth opportunities to expand our reach into investment niches.”
Investoo has already established partnerships with the world’s leading robo advisor firms.
London-based Investoo says it has acquired 4 brands since December 2016. According to the Investoo web site, the company currently operates 20+ comparison brands around the world.