Financial data specialist FE fundinfo has acquired Oxfordshire-based Contengo, which provides advanced performance reporting, analytics and data migration tools for independent financial advisers (IFAs).

The deal will see Contengo’s technology integrated into FE fundinfo’s Nexus platform, creating a new command deck that gives advisers real-time insights and streamlined access to client and business data.

The move will look to enable IFAs to deliver faster, more personalised advice through enhanced data connectivity and AI-driven portfolio performance analysis.