Wealth consolidator buys Jersey financial planning firm
For a total consideration of up to £2.5m
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
For a total consideration of up to £2.5m
To address ‘significant gap’ in the region’s financial services market
To serve clients of wealth managers, advisers and trust companies
UAE advice firm names managing partner, as financial services provider makes c-suite change in Luxembourg
With passive strategies commoditising the market, traditional asset managers are joining the party
It will provide discretionary, advisory and investment services
Deal adds £77m in assets under advice and 500 clients to the business
Deal will include an investment management and life insurance business
CEO steps down from UK advice firm, while banking group makes c-suite changes in Asia
Wealth manager hires head of distribution, while AssetCo welcomes a familiar face
Fees were deducted but unnecessary services were provided – or none at all
Regulator to ‘streamline how we reach these decisions’ and make system ‘quicker and less complex’