Aztec Software Acquires Financial Fitness Group
Financial Fitness Group to Merge with Aztec's iGrad to Create a Complementary Financial Education Platform and Expand Industry-Leading Offerings
MORRISTOWN, N.J., Feb. 6, 2024 /PRNewswire/ -- Aztec Software ("Aztec"), an educational software company focused on helping adults make generational change through academic upskilling, workforce and job-specific certification preparation, and wealth management and financial literacy programming, today announced that it has acquired Financial Fitness Group ("FFG"), a provider of industry-leading interactive financial wellness solutions. FFG will be combined with iGrad, an Aztec brand and award-winning, web-based financial literacy platform that provides lifetime personalized financial wellness education. The combination brings together two highly complementary businesses with a shared mission to enrich lives by making financial education personal, easy, effective, and enjoyable.
Financial Fitness Group is a leading FINRA-reviewed financial content provider that helps thousands of advisors and financial service firms attract, build, educate, and cultivate relationships with their clients. The company has a longstanding collaboration with Morningstar to provide an expansive library of financial content solutions to assist financial advisors with educating investors. Their content offerings include the U.S. Andex® Chart, the most respected and in-demand financial illustration for advisors globally, which FFG has the exclusive right to reproduce and sell. Brokers, RIAs, individual investors, and industry leaders widely recognize the Morningstar brand and FFG as an independent, trusted, and objective source of investment information and financial education.
iGrad and its Enrich platform currently serve more than 1.2 million learners across 600 schools, employers, financial institutions, and other organizations. The addition of FFG further expands iGrad's vast library of digital financial education content and tools to include hundreds of FINRA-reviewed content pieces, including more than 200 financial charts and graphics, and 18 FINRA-reviewed financial presentations supported by Morningstar data.
According to a OnePoll survey published by Forbes, approximately two-thirds of workers are living paycheck to paycheck and only about 17% follow a comprehensive financial plan, demonstrating the growing need for financial education and informed guidance. As the U.S. prepares to enter into the largest wealth transfer in history in the coming years, the accessible, industry-leading services Aztec, iGrad and FFG provide will play an increasingly important role improving financial wellness and education across the country.
"Financial literacy is critical for adults to rive multi-generational change, and we remain committed to providing the resources that enable adult learners to succeed," said Jonathan Blitt, Chief Executive Officer of Aztec Software. "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."
"The American workforce needs financial education now more than ever. 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 Rob LaBreche, Chief Executive Officer of iGrad. "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."
"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," said Joe Saari, Founder and Chairman of the Financial Fitness Group. "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."
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