Royal London, the mutual life, pensions and investment company, has bought fintech Wealth Wizards.

Royal London said the acquisition, subject to regulatory approval, will bring together the complementary culture, skills, technology and capabilities of the two firms.

Wealth Wizards’ proposition automates key parts of the financial advice process and offers clients a digital interface which can help advisers reduce risk, costs and scale their advice.

Wealth Wizards’ proposition should also allow Royal London to support employers and advisers seeking to help...