FST Media acquires Wealth Data

Yasmine Raso

Senior Journalist, Financial Newswire

1 September 2022

The owners of Financial Newswire, FST Media, have acquired specialist wealth and financial advice data analysis company, Wealth Data, and announced it will join FST’s Wealth division.

Founded by seasoned financial planning expert, Colin Williams, Wealth Data has come to be considered one of the industry’s most respected and reliable sources of data and analysis, providing information on the Financial Adviser Register (FAR) ranging from the number of practicing advisers to their experience and qualifications.

Luke O’Neill, Director at FST Media, said the acquisition of Wealth Data was “ideal” for the company and aligns with Financial Newswire’s current website and daily e-newsletter activities as well as its pipeline of events targeting the life insurance, funds management and financial planning sectors.

Financial Newswire Publisher and Head of Wealth at FST Media, Mike Taylor, said the division’s offering will flourish because of the acquisition and Colin Williams’ remaining in the business.

“The financial planning industry is evolving rapidly and there is a need to deliver factual information and data to the industry participants to make it easier for them to make decisions,” he said.

Williams, who brings over 30 years of experience in wealth and financial advice, said his firm’s data and analysis capabilities used by licensees, fund managers and adviser service providers will only be expanded through the support and resources delivered by FST’s Wealth division.

“We have identified significant synergies which will help us meet a growing market need,” he said.

Aron Kunaseelan, FST Media chief executive, said the acquisition of Wealth Data will only continue the growth and momentum the firm has experienced after increasing its offerings and capabilities in the wealth management space.

See Wealth Data’s website for more information.