FE Fundinfo has partnered with asset management and due diligence platform Door as the firms aim to modernise the communication between asset managers and their clients.
The strategic partnership will see the two firms develop new information services for their combined client base.
It comes after FE Fundinfo made an investment in Door through its latest fundraising round, which closed earlier this week.
Philipp Portmann, FE Fundinfo head of business development and strategy, said: “We have been extremely impressed with the rise of Door since its inception, and we are delighted to be working with them now.
“Their range of qualitative data on asset managers which supports fund distributors in their due diligence compliments our own place in the fund ecosystem as being the go-to provider for high-quality fund data and documentation throughout a fund’s lifecycle, and supporting all market participants to become better connected and better informed.”
Rob Sanders, co-founder of Door, added: “It’s a great match. As well as a common vision, our two businesses share a complementary client base and our geographical growth ambitions are similarly focused on Europe, the United States and Asia.
“We believe this partnership will excite our wealth management clients because of the additional information services it will bring, while asset managers will appreciate the opportunity to reduce costs and operational complexity.
“The partnership also means that, together, we are ideally positioned to help asset managers and distributors fulfil new reporting requirements, such as the new Consumer Duty regulation in the UK market.”