advanced talks

Foster Denovo in advanced talks over platform launch

Foster Denovo, the multi-award winning firm of financial advisers, has said it is in advanced discussions over building a new platform, which would be the “last piece of the jigsaw” for its technology upgrades.

Roger Brosch, chief executive of Foster Denovo, said: “I think we have been investing heavily in the business for a couple of years now and we are starting to see the growth that we anticipated coming from that.

“The platform is a very important stage for us. We are in the advanced stage of discussions and are considering our next step.

“It is the last piece of the jigsaw.”

Mr Brosch said the company, which currently uses several retail platforms, had a “clear strategy” for what it wanted to achieve with its new platform and he anticipated this process would begin “in the next few months”.

Read more on FT Adviser.