Rathbones deal for Speirs & Jeffrey could reach £250m
Rathbones’ deal to acquire Scotland’s second-largest wealth manager Speirs & Jeffrey could rise to £250m.
Rathbones’ deal to acquire Scotland’s second-largest wealth manager Speirs & Jeffrey could rise to £250m.
Private equity and product providers are driving up the cost of buying bigger IFA businesses, according to serial acquirer AFH Wealth Management.
Brewin Dolphin has deepened its toehold in Dundee by purchasing the financial planning and investment assets of Clark Thomson Mortgagefinders.
Old Mutual Wealth Private Client Advisers has acquired DG Pryde, an advice firm based in the Scottish town of Duns, outside of Edinburgh, marking the fith acquisition in less than a year.
Sainsbury’s shares took off on Monday as it confirmed it had agreed to a takeover deal with Asda to potentially form the UK’s largest supermarket chain.
Jupiter CEO Maarten Slendebroek reiterated that future flows will be “less predictable” as Jupiter diversifies its business away from the UK market, while addressing the firm’s other issues like its gender pay gap.
Fairstone is set to acquire IFA firms in Leicester and Stockton-on-Tees and anticipates it will line up seven more acquisitions this year.
Rathbones has addressed speculation it is preparing a takeover battle for 112-year old Scottish stockbroker, Speirs & Jeffrey.
Brown Shipley has continued to strengthen its London office with the appointment of two client directors.
Jupiter Asset Management does not need to be acquired, CEO Maarten Slenderbroek has reiterated, but acquiring “talented” businesses in specific areas is not out of the question either.
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
Sanlam UK has continued its expansion by acquiring East Yorkshire based financial planner Grennan Advisers, adding £60m of assets under management (AUM).