Nucleus confirms it is in talks with multiple potential buyers
Majority shareholder Sanlam UK is said to be supportive of the discussions
Majority shareholder Sanlam UK is said to be supportive of the discussions
As it received queries relating to ‘charges being paid’ in these transfers
The newly appointed CEO joins from Schroders Personal Wealth where he was chief commercial officer
M&G and Polygon Partners commit to purchasing 6 million shares in £5.3m placing to fund the deal
Phoenixing is allowing ‘firms that simply should not be in business’ to transfer compensation burden
Deal adds £46m in assets under administration to the company
They offer ‘more choice to clients and advisers over which jurisdiction they want to situate their wealth’
‘Decline started well before international borders closed’
It will offer retirement, estate, tax and protection planning services
Assets held over £1m will only be charged 0.1%
It is the acquirer’s 10th M&A deal since 2012
Deal will expand the combined company’s geographic footprint across Europe and the States