(September 20 – 12:45 ET) – CCH Canadian says it has acquired financial planning software developer Portfolio Publishing, of Edmonton. Terms of the acquisition were not disclosed.
“This is a tremendous opportunity for CCH to strengthen its position as the industry leader in developing a comprehensive set of solutions for financial advisors,” said James de Gaspé Bonar, president and CEO, CCH Canadian Ltd. “Financial planning is a rapidly growing and changing market. This acquisition is another step toward our ultimate goal of being the leader in providing full service, integrated knowledge solutions to financial advisors. The current product line includes research and planning tools, as well as a series of books written by advisors, for advisors. Expect additional enhancements to the product line over the coming months.”
CCH says the flagship of the three acquired products is FPS 2000, a highly sophisticated financial modeling tool designed to provide users with extensive analytical and illustrative capabilities including complex tax, business and estate calculations. Also acquired was Q-plan, a straightforward tool designed to guide users through a planning process built to meet the needs of the majority of financial advisors’ clients.
The third product, FPS Briefcase contains a collection of easy-to-use calculators built around a logically organized and comprehensive fact-finder similar to that of FPS 2000. FPS Briefcase allows financial advisors to perform various single needs calculations and analyses.
-IE Staff