Momentum Markets (www.momentummarkets.com.au) has confirmed the acquisition of leading financial media platforms Money Management and Super Review, plus all associated events, websites, and other assets, from UK-based global fund provider, FE fundinfo (www.fefundinfo.com).
Money Management and Super Review are Australia's longest-standing media brands for the financial services industry.
Established in 1988, they are universally recognised as essential reading for all financial planners, fund managers, superannuation and investment industry professionals.
The acquisition marks a major milestone for Momentum Markets and its wholly owned subsidiary, Momentum Media (www.momentummedia.com.au) – Australia's leading business media and events company, and the business behind InvestorDaily.
Momentum Media is already a powerhouse in the financial services sector. InvestorDaily (www.investordaily.com.au), IFA (www.ifa.com.au) and SMSF Adviser (www.smsfadviser.com), have led the field for more than a decade since they were acquired from Morningstar.
The newly acquired media platforms will also bolster Momentum's other financial services media assets, including Risk Adviser, Fintech Business and Adviser Innovation.
According to Alex Whitlock, director of Momentum Markets, the acquisition of these trusted media platforms further cements Momentum as the centrepin for market insights and analysis for Australia's financial services sector — including fund managers, the superannuation industry, and the financial advice community.
“The integrated portfolio of media assets now covers the breadth of Australia's financial services sector, and we look forward to expanding our role as a provider of information, content, events, intelligence and insights to support the industry's growth and diversification,” he said.
“As the new custodians of Money Management and Super Review, we will not only ensure the continuity of over 35 years of delivering the trusted news and information the brands have been renowned for, we'll also ensure we drive their growth leveraging our particular talents in the media.”
Born out of the 1987 market crash — and originally part of the Fairfax stable of publications — Money Management and the interconnected Super Review, have been the hallmark for excellence in financial journalism, breaking many of the stories that have helped shape the robust financial services sector that Australia has today.
The acquisition includes all associated event brands, including the Fund Manager of the Year Awards, a program now also 35 years old, and the Super Fund of the Year Awards.
“We have ambitious plans for Money Management and Super Review as part of our financial services business, which will be strengthened by an ongoing partnership with FE fundinfo — a major provider of research and data to Australia's wealth sector.
As part of the acquisition, Momentum has chosen FE fundinfo as the Preferred Supplier of Fund Information for its entire financial services suite, including the powering of Money Management's Investment Centre.
“This preferred partnership will help ensure advisers and their clients are connected to market information to make better investment decisions, underpinned by credible quantitative research,” Mr Whitlock said.
FE fundinfo said Momentum was the ideal business to drive the growth of Money Management and Super Review, and looked forward to building an expansive relationship focused at supporting Australia's financial services sector.
“The marriage of quantitative research and data — areas where FE fundinfo excels — with content, analysis and interpretation — areas where Momentum has unique expertise in the Australian market — will ensure the steady growth and expansion of Money Management and Super Review,” said Hamish Purdey, CEO of FE fundinfo.
