UBS splashes out $3.2bn to buy troubled rival Credit Suisse
Deal will create a global wealth manager with over £4trn of assets
M&A
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Takeovers are a double-edged sword for UK equities fund managers
Acquisitions have shrunk the universe, making diversification more difficult
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Acquisitions add £1.7bn of assets to Kingswood
As CEO David Lawrence tells investors to expect more of the same this year
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Advanta Solutions acquires M W Wealth
This is the group’s sixth acquisition in the last 18 months
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Kingswood in talks to sell UK operation
Company is working with an investment bank to discuss strategic options for the business
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Assetco pockets India-based asset manager
The deal is worth £4.1m
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Macquarie reportedly eyeing M&G takeover
Australian investment bank are said to be advised by Morgan Stanley
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Buyers of advice firms need to stump up extra 20%
With 90 M&A deals inked in 2022, a slight drop from 93 the year before
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One Four Nine makes ‘largest acquisition yet’
Marking its seventh deal since launch in 2021
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Portfolio Adviser and sister titles sold to the Mark Allen Group in £6.5m deal
The acquisition includes the Asia business but not US-based InvestmentNews
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Attivo Group buys UK-based wealth manager
Financial planning firm now has around £3bn in funds under management
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Team makes loss despite 94% AUMA growth
Contributions from three acquisitions masked a difficult year for the asset and wealth manager