Tavistock to sell two business arms to fund ‘potential future acquisitions’ and buy back shares
Some 30% of shareholders have already voted in favour of the sale to Saltus
M&A
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Brooks Macdonald acquires Norwich-based financial planner
The IFA firm has £890m in assets under advice across 1,600 personal clients
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FE fundinfo snaps-up AdviserAsset
AdviserAsset offers a range of tools for financial advisers
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Brooks Macdonald sells international arm to CGWM as it seeks to simplify business
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
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Quilter snaps-up NuWealth investing app
Plans to ‘evolve’ NuWealth to help advisers
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Hargreaves Lansdown accepts £5.4bn private equity takeover
Deal expected to close in first quarter of 2025
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Evelyn Partners expands in the North with Haines Watts deal
Manchester, Leeds and Newcastle offices acquired
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Titan Wealth continues on acquisition trail with AHR deal
AHR will be rebranded as Titan Wealth International
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Alliance Trust joins forces with Witan in UK’s largest-ever investment trust merger
The merger is the result of Witan CEO Andrew Bell’s impending retirement
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Cannacord Genuity strikes deal to acquire £900m Cantab Asset Management
Expected to complete in the third quarter of this year
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Nine in 10 advisers expect sector M&A to accelerate
Smaller companies finding it increasingly harder to compete
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Hargreaves Lansdown refuses takeover bid
Offer from a group private equity bidders