Abrdn’s £1.5bn Interactive Investor deal looks richly valued
Adviser platforms Parmenion and Nucleus were sold for under £150m
M&A
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Regulatory burden means 8% of advisers plan to sell up in next five years
Increases to 23% for sole financial planners, finds Dynamic Planner
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Kingswood to buy the Iboss Group in £16m deal
£1.4bn DFM is Kingswood’s fourth acquisition this year
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Assetco tipped as better home for R&M than Premier Miton
The UK All Companies sector would contain six different funds with a Premier Miton/R&M badge if the two managers joined forces
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Wealth consolidator snaps up £362m in double acquisition
IWP acquires Scotland and Surrey-based planners
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Fixed fees in the spotlight as Abrdn seeks to scupper II listing in £1.5bn bid
‘Any future changes to Interactive Investor’s pricing model would be a blow’
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Carlyle seeks quick deal to take over Link in fresh bid for former Woodford ACD
Australian group puts share buyback on hold as stock rallies 12%
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Private equity managers defend sector following backlash from Morrisons buyout
Comes after major shareholder LGIM warns against private equity firms taking over supermarket chain for ‘the wrong reasons’
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Mattioli Woods gets £245m asset boost by snapping up Leicester-based IFA
Firm will acquire 100% of Pole Arnold’s issued share capital for an initial consideration of £4m
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BMO jettisons Emea asset management arm to Ameriprise
Deal adds $124bn of AUM to US adviser’s global asset manager Columbia Threadneedle
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James Hay changes M&A terms for Nucleus deal
Comes weeks after reports that Nucleus staff were unhappy with the original offer over fears of staff cuts
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Martin Gilbert-backed business preps for M&A deals
Assetco has promoted former Aberdeen Asset Management boss to chairman