Davy Private Clients (UK), the wealth management and financial planning division of Dublin-headquartered Davy Group, is to acquire Northern Irish wealth management firm Pension & Financial Consultants (PFC) for an undisclosed sum.
Integrated wealth management firm European Wealth Group has acquired Xcap Nominees, bringing an additional £30m ($45.5m, €42.8m) in assets to European Wealth’s Manchester office.
Former Bellpenny operations director Dawn Pearce-Herzberg has launched Vines Row, a new business venture that she believes will provide a key missing ingredient to the existing IFA acquisitions market.
PraxisIFM, a Guernsey-based independent financial services group, announced that it plans to acquire Guernsey-based financial services company Confiance Limited for an undisclosed sum.
Swiss-based insurer Zurich has moved to strengthen its business in Hong Kong with an agreement to buy Kono Insurance, an authorized general business insurer.
Aberdeen Asset Management has firmly denied rumours it is looking for a sale.
PraxisIFM, a Guernsey-based independent financial services group, announced on Thursday that it has expanded its pensions division, Trireme Pension Services, with the acquisition of Confiance Pension Services.
Fund service provider JTC Group has added to its fast-growing acquisition list with the purchase of GAM’s fund administration business in the Cayman Islands.
The wealth management M&A race is set to be ratcheted up a notch with more than a third of IFA owners planning to retire within 10 years.
UK-based RSA Insurance is reported to be looking to sell its Russian and Middle East divisions as it resumes the disposal process begun by chief executive Stephen Hester in the wake of the surprise decision by Zurich last week to call off its takeover bid.
Admin Re’s acquisition of Guardian Holdings Europe will bolster its book of UK and Ireland closed life policies by 900,000, bringing the total count to over four million.
Zurich Insurance has abandoned plans to buy RSA Insurance Group after making a £5.6bn bid for the rival company last month.
