SimplyBiz set to reap benefits of Defaqto deal

SimplyBiz Group (LON: SBIZ) offers a combination of organic growth and integration and cross-selling benefits of the recent acquisition of Defaqto.

SimplyBiz is a UK-focused business that provides compliance and business services to financial advisers. It is the largest provider of these services that is not attached to financial product providers and it continues to add to member numbers and sell more services to them.

Verbatim, which provides investment funds for members, has £640m of assets under management and this generates more than £2m in annual revenues.
Defaqto
During the ...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.