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AJ Bell has acquired Adalpha, including Ad Alpha solutions, to complement its existing adviser platform business Investcentre.
Adalpha is currently developing a mobile focused platform proposition for financial advisers.
All Adalpha staff will transition to AJ Bell.
AJ Bell CEO Andy Bell said: '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.'
At 1:50pm: (LON:AJB) AJ Bell PLC share price was 0p at 437p