Is M&A the answer for wealth manager expansion?
Growing a wealth management company in today’s competitive market can be tough. Could an acquisition be the answer?
Growing a wealth management company in today’s competitive market can be tough. Could an acquisition be the answer?
UK equities are benefiting from a big upswing in mergers and acquisitions according to data company Intralinks.
Bellpenny has added another leaf to its ever-expanding business book with its largest acquisition of 2015 so far.
Harwood Capital Management has bought Wellian Investment Solutions, for an undisclosed sum, in an effort to add discretionary management to its suite of offerings.
BHP Billiton’s spin off and listing of South32 fell rather flat on Monday, as its shares traded at the lower end of analyst expectations, giving the newly minted firm a market cap around $8.7bn.
Towry Finance has completed its £97m takeover of Ashcourt Rowan, the firm has announced.
Bellpenny has said it intends to buy a further ten businesses by the end of 2015, following the completion of its latest wealth management acquisition.
The first quarter of 2015 has already seen the most mergers and acquisitions activity since Towers Watson began compiling its Quarterly Deal Performance Monitor in 2008, the firm has said.
Natixis is in exclusive talks regarding a bid to add French asset manager DNCA Finance to its suite of global investment management affiliates.
European Wealth announced on Tuesday it has hired two new wealth managers, Nigel Gilland and David Mellett, from Gerrard Investment Management, which is owned by Barclays Wealth and Investment Management.
M&A activity in the asset management industry will likely pick up in the next 12-24 months largely due to improving economic conditions, according to latest data by Moodys Investor Service.
While the group remains optimistic about the second half, it says it is unlikely to see the same level of organic growth as in H1.