Canadian wealth manager sold for C$445m
Brand and leadership team will be retained
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
Also Quilter acquires financial adviser in administration for an undisclosed sum
Acquisition will create a single fintech and support services group
Deal opens up Europe’s third largest market
It is also in the process of acquiring nine Caribbean operations of Canadian bank ScotiaBank
‘Australia is one of the most attractive and fastest growing wealth management markets worldwide’