Davy snaps up iCubed consultancy
Davy Stockbrokers has acquired Dublin-based investment consultancy iCubed for an undisclosed amount.
Founded by Gary Connolly, iCubed provides consulting, research and training services to financial brokers on investment funds and markets.
It will become part of the Davy Select business unit which has responsibility for financial brokers and intermediaries.
Davy chief executive Tony Garry said iCubed had played a "significant role" in assisting Irish brokers to implement financial advisory and investment management processes.
He said it would be complementary to the Davy Select adviser platform that allows financial brokers to build investment portfolios from a stable of over 10,000 investments.
"The significant investment resources of the Davy group will allow iCubed to deliver an enhanced and expanded range of services to Irish advisers," said Mr Connolly, who founded the business in early 2010.