Executive shake up for Succession group
Succession has bolstered its executive team of both its wealth management and platform businesses.
Succession has bolstered its executive team of both its wealth management and platform businesses.
Fairstone Group has completed its acquisition of financial adviser firm DHD Wealth Management.
Brown Shipley has concluded its acquisition of Manchester-based wealth manager The Roberts Partnership, with all staff moved over to the group’s offices.
Chase de Vere has said it plans to recruit more financial advisers and explore further acquisition opportunities.
A serious push into the US market is a key strategic target for the merged Standard Life and Aberdeen Asset Management group, according to Aberdeen’s global head of distribution.
The merger of Standard Life and Aberdeen is a sign of the times in asset manager consolidation, but who will be the winners and losers from the trend?
The ‘squeeze’ on asset managers’ balance sheets is well known, while recent deals in the sector have failed to cheer shareholders, but there are nonetheless pointers to the industry’s future winners.
Liontrust has completed its £30m acquisition of Alliance Trust Investments (ATI).
Asset manager Schroders and derivatives firm IG Group Holdings made Canaccord Genuity Wealth Management’s list of attractive targets for foreign companies.
Private wealth manager Dalton Strategic Partnership is to acquire long/short investment manager MSK Capital Partners for an undisclosed sum.
Harwood Wealth Management confirmed it intends to raise £10m through the placement of new ordinary shares to fund six future acquisitions totalling £3.1m.
The Adviser Centre has acquired DISCUS, its second deal this year.