In the latest incidence of insurance companies acquiring technology companies to jumpstart innovation, John Hancock has acquired Guide Financial Inc., a software provider that enables investors to make better financial decisions and build wealth utilizing artificial intelligence, behavioral finance and advisor integration, John Hancock said. Terms were not disclosed.
"This partnership brings together John Hancock's resources and deep experience supporting financial professionals with Guide Financial's innovative financial advisory technology, thought leadership and software development expertise," Ramza said. "John Hancock is committed to driving ongoing innovation for advisors, and we are pleased to welcome the Guide Financial technology and management team into our family of companies as a part of that long-term commitment."
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