1300 664 665

Financial advisers are the winners in Umlaut’s acquisition of Specialist PMC

Jul / 01 / 2022

Umlaut enhances Xplan expertise with the acquisition of Specialist PMC

Acquisition to deliver more specialist Xplan support for the financial services sector

Friday 1 July 2022 sees Umlaut formally acquire Xplan consulting experts, Specialist PMC. The acquisition is expected to deliver benefits to both organisations and, more importantly, provide all clients with a new level of service.

Enhanced Xplan expertise

Experts in Xplan consulting, site administration, coding and project management, Specialist PMC provides specialist support to dealer groups and financial advisory firms. Working with IRESS, financial advisers and licensees, Specialist PMC has developed a strong reputation for creating bespoke solutions to ensure clients get the most out of their Xplan solution.

As leaders in digital transformation and automation, Umlaut drives growth and efficiencies by helping businesses take control of data. By integrating Xplan in digital transformation projects, Umlaut enables automatic syncing of financial data for improved visibility and control.

Umlaut’s acquisition of Specialist PMC further strengthens each organisation’s ability to deliver real efficiencies to firms in the financial services industry.

Stronger together

The two businesses are set to provide a new level of Xplan knowledge and support to the financial services sector. The acquisition also helps fulfil Umlaut’s mission to assist businesses to take control of their data and streamline their processes for ultimate efficiency.

Shane Reid, Umlaut Director, sees the acquisition as a way to deliver even more value to existing and future clients.

“Over the past 3 years, it’s become evident that our clients crave more personalised Xplan support from an independent business,” shares Shane.

“Specialist PMC has an exceptional reputation in the industry which drew us to work more closely with them. As one of the few independent consultancy firms left, we value the personalised service and close relationships they’ve forged with their clients.”

Similarly, Specialist PMC Founder, Julie Tasker, recognises the broader opportunities that the acquisition presents to her team and clients.

“We’ve built this business and our reputation over the past 10 years, harnessing a customer-first approach,” Julie explains.

“We know aligning ourselves with Umlaut gives us the chance to offer more to our clients without the risk of losing touch with their needs.”

Better future

While each business will continue operating as normal, the acquisition will deliver significant benefits to both operations. Specialist PMC will enjoy the support of Umlaut’s larger footprint and systems. While Umlaut will build on Specialist PMC’s Xplan consultancy knowledge to expand services to new and existing clients.

As Shane explains, building up Umlaut’s Xplan capabilities has been a priority for the company over the last year.

“We recruited staff and commenced the support practice 6 months ago, with the goal of enhancing our Xplan services,” reveals Shane.

“Acquiring Specialist PMC represented an unmissable opportunity for our business to bring in specific Xplan skill sets and build on that existing goodwill”.

Julie also sees a brighter future for Specialist PMC with Umlaut’s acquisition.

“Our partnership with Umlaut over the past 6 months got our staff excited as our businesses are culturally aligned through a customer-first approach. It was an easy decision knowing that our loyal customers were going to access better services. And, that our staff will have more meaningful career opportunities in the technology space thanks to Umlaut’s continuing growth.”

Want to discover how to streamline your financial adviser business? The experienced team at Umlaut is ready to lead the way. Book a demo to see how we can harness Xplan to transform the way you do business.