AJ Bell PLC (LON:AJB), the investment platform operator, has acquired Adalpha, a specialist in developing products aimed at financial advisers.
AJ Bell said Adalpha is developing a mobile-focused platform proposition for financial advisers that should complement the company's existing adviser platform business, AJ Bell Investcentre.
"Financial advisers need a variety of propositions to match a diverse range of client needs. The Adalpha team are working on a simplified, mobile-focused platform service that will broaden our offering to financial advisers and help them service a wider base of clients," said Andy Bell, the chief executive of AJ Bell.
Shares in AJ Bell were up 0.1% at 424.5p in a falling market.