Silver lining for Liontrust as share price drop slices £50m off Majedie takeover
FTSE 250 fund manager’s shares have tumbled over 45% since December
M&A
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SJP partner firm merges with two financial planning companies
Expansion is ‘testament to the growing demand’ for advice
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Hawksmoor assets surge to £2.7bn as it absorbs Wellian
Richard Philbin to lead new Investment Solutions division
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Twentyfour trust gets go ahead for £700m merger with UK Mortgages
TFIF board was criticised for not giving shareholders a say on the transaction
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Gresham House AUM jumps 65% as net inflows triple
Asset manager also unveils acquisition of Irish real estate firm
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Goldman Sachs among four suitors for Nucleus stake
Three private equity firms are also reportedly circling the platform
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Octopus Investments merges away ‘uncompetitive’ DFM offering
OCF set to rise for most customers
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Lumin Wealth makes fourth acquisition
Deal brings group AUM to £800m
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Aviva buys Succession Wealth in £385m deal
It will retain its brand and continue to operate as a separately regulated advice firm
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Assetco acquisition spree continues with Revera Asset Management
£2.8m deal is ‘the next step in our plan to establish an active equity platform’
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£300m Brooks Macdonald bid for 7IM rebuffed
Three times what its controlling shareholder paid for it in 2015
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DFM consolidator Titan Wealth buys Cardale Asset Management
It acquired Tavistock’s £1bn multi-asset arm in June 2021