Abrdn ‘in discussions’ to acquire UK investment platform
There ‘can be no certainty’ that the talks will ‘result in a transaction’
There ‘can be no certainty’ that the talks will ‘result in a transaction’
‘Memories of a sales and commission driven culture at some firms’ has ‘damaged people’s view’ of industry
Founder of acquired business will retire after the deal
It is already looking to expand to Switzerland, Monaco, Dubai and Singapore
Firm says that it is ‘building a business, not buying one’
But is ‘certain to use its comfortable majority in Commons’ to overturn House of Lords amendment
Deal adds more than £150m in funds under management
To help the firm ‘continue its clear and established acquisition strategy’
They will have access to templates, a financial planner community and get software discounts
In a bid ‘to find more ways of offering better value for money and better service’ for its clients
Company is ‘already speaking with other adviser firms and expects to make further acquisitions soon’
Acquired business will become part of the group’s newly created remote advice arm