MSCI announced Wednesday it signed a purchase agreement to acquire Fabric, an advanced risk modelling platform for financial advisors.
Fabric’s platform has been used by advisors to better illustrate long-term portfolio outcomes and probabilities for clients using methodologies similar to those relied upon by large institutions.
Terms of the impending transaction were not disclosed. The deal is expected to close next quarter.
The two firms had been partners with Fabric relying on MSCI’s Multi-Asset Class and Factor and Private Asset Models to help power its own analytics engine.
Advisors have sought the ability to quickly and affordably build personalized portfolios at scale for high net worth clients for years, especially recently with the emphasis on ESG and sustainability-related investing.
Fabric was founded in 2019 and co-founder and CEO Govinda Quish was among WealthManagement.com’s Ten to Watch in 2023.
During its initial two-year development Fabric interviewed hundreds of financial advisors and a key differentiator of its technology…
