UK wealth manager acquires Blackpool-based financial planner
For an initial consideration of £0.71m ($0.88m, €0.82m)
For an initial consideration of £0.71m ($0.88m, €0.82m)
Deal adds £62m in AuM
Company says it is ‘not in the business of buying and consolidating’
It is ‘critical to find a synergy’ between both companies
Acquirer sees Singapore as a ‘key market’
Both businesses will remain at their current offices
It is aimed at advisers that ‘want to maximise value and maintain control of their own destiny’
As it unveils advice arm
Deals take the company’s assets under advice to £450m
Acquired business offers advice predominantly to female high net worth clients
Potential acquirer has until 8 September to place a firm bid
As it bids to reach £1bn AuM over the next few years