Link ready to fight as FCA warns would-be buyer likely on the hook to pay £300m in redress
But no word yet on if or how it will be distributed to Woodford investors
Companies
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Acquisition lifts Clifton Asset Management’s AUM to £970m
Its second M&A deal this year added £130m
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Joe Wiggins exits St James’s Place to join Fundhouse
At the investment consulting service, the former SJP director of liquid markets will focus on supporting UK and Europe-based clients
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Tyndall appoints Theresa Russell as head of distribution
She joins from CG Asset Management having previously worked at GVQ Investment Management and Legal and General
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Fairstone enters Irish advice market
It is the group’s fifth acquisition of the year
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Titan Wealth acquires Yorkshire IFA firm
Its fourth M&A deal of 2022 having bought two DFMs and a wealth solutions provider
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Swirling sale rumours ratchet Parmenion’s value up fourfold
Preservation Capital Partners and Assetco acquired the business just 18 months ago for £102m
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Parmenion swoops on £1.9bn Midlands DFM
Deal forms part of adviser platform’s ‘ambitious growth strategy’
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Wealth firm set up by ex-Quilter duo inks second deal
Solomon acquired Beaufort Financial and You Asset Management in June
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Weekly outlook: New UK prime minister revealed as ECB poised to deliver historic rate hike
Key events for UK wealth managers for the week starting 5 September
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Advice consolidator acquires Yorkshire-based firm
It now has £7.7bn in assets under influence
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Industry veterans set up ‘revolutionary’ private markets platform
Private Markets Alpha has raised £1m at launch