MSCI Enables Transformation Of Wealth Management Offering With Acquisition Of Fabric; The Terms Of The Transaction Were Not Disclosed, And The Financial Impact Of The Transaction Is Not Expected To Be Material To MSCI
Portfolio Pulse from Benzinga Newsdesk
MSCI Inc. has signed an agreement to acquire Fabric, a wealth technology platform. Fabric offers portfolio design and analytics for wealth managers and advisors, complementing MSCI's investment portfolio solutions. The acquisition aims to bring customization at scale to the global wealth management industry, enhancing MSCI's existing tools and accelerating new functionalities. The financial impact of the transaction is not expected to be material to MSCI, and the terms were not disclosed. The deal is expected to close next quarter.
December 20, 2023 | 1:08 pm
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MSCI Inc. is acquiring Fabric to strengthen its wealth management solutions, aiming to provide better customization and analytics for wealth managers. The deal is not expected to have a material financial impact on MSCI.
The acquisition of Fabric by MSCI is strategic, aiming to enhance MSCI's wealth management offerings. While the financial impact is stated as not material, the acquisition could still be viewed positively by investors as it may lead to long-term growth and competitive advantage in the wealth management sector. The confidence level is high due to the clear strategic fit and the non-material financial impact statement.
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