Financial Fitness Group Acquired By Aztec, To Be Merged With iGrad

Provider Of Morningstar-Based, FINRA-Reviewed Educational Content To Merge With Aztec’s Financial Literacy Platform

Article originally published by Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report.

Educational software firm Aztec Software announced its acquisition of Financial Fitness Group (FFG), which will be merged with Aztec’s iGrad financial literacy platform. Aztec provides educational software for academic upskilling, workforce and job-specific certifications, wealth management and financial literacy. FFG provides interactive financial wellness solutions.

FFG has a longstanding collaboration with Morningstar to provide content to advisors to help educate investors. FFG’s content includes over 200 financial charts and graphics, including its Andex Chart, and 18 FINRA-reviewed financial presentations supported by Morningstar data.

“We will continue our long-standing collaboration with Morningstar on the Investing Classroom and Financial Communications Library,” said Joe Saari, Founder and Chairman of FFG, in a statement to WSR. “There will be no immediate changes to the materials we produce using their data. Advisors will have continued access to the trusted financial education and investor education solutions they have come to know and expect.”

Aztec’s CEO Jonathan Blitt said, “Financial literacy is critical for adults to drive multi-generational change, and we remain committed to providing the resources that enable adult learners to succeed. Adding FFG to our award-winning iGrad team moves Aztec closer to fulfilling our mission to provide all adults with the tools to not only support their families, but also to create opportunities for the next generation.”

iGrad provides AI-based financial wellness solutions to more than 1.2 million learners across 600 colleges and universities, more than 20,000 employers and over 300 financial institutions, as well as other organizations.

“iGrad currently provides services to financial advisors at over 300 financial services firms,” said iGrad CEO Rob LaBreche in a statement to WSR. LaBreche stated that the combination of FFG, iGrad and Aztec’s capabilities “will now offer the largest and most comprehensive library of content and services specifically geared towards adults.”

Saari said, “Financial advisors play a critical role helping individual investors of all ages navigate an increasingly sophisticated financial landscape, and their expertise is invaluable in helping clients make informed financial decisions. As part of the Aztec and iGrad family, we are excited to build on our mission to drive real change through education, and to partner with a like-minded organization that shares our passion and values.”

“Too many workers are financially strained and in a constant state of economic uncertainty. It is crucial that adults at every stage of life have the resources to pursue – and achieve – financial security,” said LaBreche. “Together, we will provide a well-rounded and best-in-class financial wellness experience to a broad base of end users by utilizing FFG’s arsenal of complementary content and offerings to remain our clients’ most reliable and trusted resource.”