FNZ invests in cash management and savings fintech firm
It is ‘more important than ever for the wealth industry to be focused on delivering great consumer outcomes’
M&A
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Consolidator secures £5.3m loan for IFA acquisition spree
Funds give the company ‘financial firepower’ to accelerate its plans
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Progeny buys international wealth manager The Fry Group
Expanding its footprint beyond the UK by adding offices in Hong Kong, Singapore, Dubai and Brussels
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Assetco swoops on SVM Asset Management in £10.7m deal
But its sixth M&A deal since January 2021 marks a big shift in how the acquisition will be funded
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Beaufort Group bought by ex-Quilter Financial Planning CEO and CFO
The duo secured private equity funding to set up their own business which has nation-wide ambitions
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Caledonia looking to sell 7IM for £400m
After rejecting £300m unsolicited takeover bid by Brooks Macdonald
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Ascot Lloyd poised to seal several M&A deals
Its new parent company has given the IFA firm ‘significant firepower’ to expand its footprint
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Hawksmoor to merge with wealth manager
The combined businesses will have eight offices
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Downing sells VCT business to Foresight for £17.8m
Infrastructure and PE manager to acquire £275m worth of mandates
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US PE firm acquires majority stake in London & Capital
Management team will retain a ‘significant minority stake’
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Wren Sterling buys Manchester adviser
Company’s first acquisition since its MBO in July 2021
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Somerset wealth manager acquires outsourcing business
It is targeting 15% annual growth over the next five years