The acquisition gives CCH three new financial planning software tools that meet the needs of a broad range of financial advisors. Terms of the acquisition were not disclosed.
Financial planning is a rapidly growing and changing market.
This acquisition is another step toward our ultimate goal of being the leader in providing full service, integrated knowledge solutions to financial advisors. The current product line includes research and planning tools, as well as a series of books written by advisors, for advisors. Co-founder Dave Faulkner and I are looking forward to working with CCH over the next several years. Their commitment to developing leading edge software solutions is obvious and their sales and marketing strength will ensure the long-term success and continued development of the product line. The flagship of the three acquired products is FPS 2000, a highly sophisticated financial modeling tool designed to provide users with extensive analytical and illustrative capabilities including complex tax, business and estate calculations.