The combined firm will be the UK's number one supplier of integrated systems for private client wealth managers on three measures: by client base; by professional staff numbers; and by daily volumes traded through the London Stock Exchange.
Tom Brady, Managing Director of Investmaster, said: "The acquisition of Consort is an important strategic step in our path to becoming the supplier of choice to the private client wealth management community. We have already started working together on a number of projects, and I am confident the combined business has an extremely promising future."
Eric Werner, Managing Director of Consort, said: "I am pleased that shareholders, staff and clients have given their overwhelming support to the deal. The opportunity to develop Consort's products and services alongside Investmaster's will give us both a major competitive advantage."