Defaqto acquires RSMR in fund research and ratings expansion

Subject to regulatory approval

Defaqto has acquired RSMR for an undisclosed sum to bolster its fund research and ratings capabilities.

RSMR was set up in 2004 and distributes its research to advisers and investment professionals via platforms, provider channels, advice technology or directly from its portal. As part of the deal, Defaqto's parent company Fintel will boost the distribution of RSMR's research, the former said. John Milliken, CEO of Defaqto, noted the deal is part of the company's growth strategy – which has included the acquisitions of AKG and MICAP last year. Defaqto unveils new ratings for AIM and unlisted BR services "RSMR is another strategically important acquisition, adding industry expertis...