UK wealth manager makes double acquisition
Adding £220m in assets under management
Adding £220m in assets under management
In a bid to bolster its offering for UK-resident non-doms
Financial services sector ‘has long been a hotbed of M&A activity’
Following the retirement of the acquired firm’s managing director
Adding £220m of AuA
Owner of acquired firm has decided to take a step back from advising
To ‘form a stronger and more expert financial services team’
Adding around £45m in assets under management
Deal expected to complete in the first half of 2024
Who will power FE fundinfo’s managed fee and distribution channel management service
For an upfront payment of £2.625m
For an initial consideration of £0.71m ($0.88m, €0.82m)