MitonOptimal splits with advice firm after just 2 years
Move sees investment manager exit the Isle of Man
Move sees investment manager exit the Isle of Man
Inaugural acquisition adds £85m to firm’s £400m AuM
Chief executive among departures expected post-acquisition
The duo have also entered into a cooperation agreement about recommending clients
The £4m deal is an ‘important step’ for the firm which wants to continue expanding in the sector
Brand and leadership team will be retained
City Financial fell into administration late last week
More acquisitions on the agenda – specifically in Qrops and UK workplace master trust sectors
It’s the first acquisition in three years for the Leeds-based firm
Deal follows aborted 2018 sale that saw £3m offered to advisers to encourage them to stay
The deal provides a springboard for the business to enter new markets
Advice services will continue to be offered out of its Yorkshire office