Acordias, the Isle of Man-based global wealth platform, has rebranded as Ardan International right after UK wealth management firm Rowan Dartington announced the platform’s acquisition.

The rebranded name, which means ‘platform’ in Manx, will be effective immediately as the firm also launches its new services and website.

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"Since the acquisition of the platform by Rowan Dartington there has been a significant investment into the business," said Trevor Cheal, Ardan International’s chairman.

Due to the new deal, the platform has increased the range of funds available to over 30,000, with 70,000 lines of stock across all the major global markets, the firm said.

Ardan International’s open architecture wealth platform also provides factsheets, research and market commentaries that aim to allow financial advisers to fulfil their clients’ requirements

John Garland, head of Corporate Financial Services with the Department of Economic Development in the Isle of Man, added: "Ardan International is a key business in the financial services sector here in the Isle of Man. We always welcome successful organisations like Rowan Dartington when they invest in our home-grown businesses and provide them with the means to expand both nationally and internationally."