Wealth manager buys two advice firms with PE investment
Deals increase AuA to over £1.1bn
Deals increase AuA to over £1.1bn
IFA firm is eyeing more deals and has a ‘number of interesting conversations progressing at the moment’
This follows the private equity firm’s investment in platform Parmenion in 2021
To serve the increasing number of high net worth individuals in the region
Funding will ‘take the business to the next level’
Management team will retain a ‘significant minority stake’
Investment will be used to enhance ESG credentials
It is currently owned by US firm Oaktree Capital Management, which bought Sanlam UK in 2021
With passive strategies commoditising the market, traditional asset managers are joining the party
It will be available to UHNW investors in the country
A week after it became majority investor in Isle of Man-headquartered International Financial Group Limited
Reports suggest private equity owners are looking at options 18 months after merger