Rathbones completes Speirs & Jeffrey acquisition for £104m
Speirs & Jeffrey to remain as a stand-alone business until June 2019
M&A
-
-
AFH funds top £3.5bn on biggest acquisition to date
Wealth manager buys 11th firm in a year
-
European Wealth rebrands as losses widen
European Wealth’s string of losses continues following a major overhaul of the business, which will see it rebrand to take advantage of what it sees as a “fragmented” UK wealth management marketplace.
-
Tatton M&A plans stall as assets hit £5bn
Tatton Asset Management has drawn in advisers outsourcing investment in light of Mifid II, taking assets close to £5bn, although it admits M&A plans are still “a work in progress”.
-
Rathbones deal for Speirs & Jeffrey could reach £250m
Rathbones’ deal to acquire Scotland’s second-largest wealth manager Speirs & Jeffrey could rise to £250m.
-
IFA firm acquisition costs face ‘upward pressure’ – AFH
Private equity and product providers are driving up the cost of buying bigger IFA businesses, according to serial acquirer AFH Wealth Management.
-
Brewin Dolphin snaps up Dundee client book
Brewin Dolphin has deepened its toehold in Dundee by purchasing the financial planning and investment assets of Clark Thomson Mortgagefinders.
-
Old Mutual adds £200m in assets with acquisition
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 soar after ‘game changer’ Asda merger
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’s Slendebroek confronts outflows and gender pay gap
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 poised to buy nine IFAs this year
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 confirms takeover talks with Scottish broker
Rathbones has addressed speculation it is preparing a takeover battle for 112-year old Scottish stockbroker, Speirs & Jeffrey.
