Praemium sells UK and international arm to Morningstar for £35m
‘Praemium’s digital-first capabilities will allow us to reduce friction, lower costs, provide more choice, and improve efficiency for advisers’
M&A
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Why do some advice companies keep acquisitions quiet?
‘I would estimate at least 50% of deals are not released to the press’
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Canaccord Genuity adds £5bn to UK arm as it snaps up Punter Southall Wealth
Tilney Smith & Williamson had been reportedly eyeing the wealth manager which owns Psigma IM earlier this year
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Majedie’s value plunged 19% ahead of Liontrust deal
Majedie Investments writes down value of holding due to Covid outflows and pulled mandates
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Jupiter hires adviser to fend off bids amid spate of M&A activity
Robey Warshaw is one of the employers of George Osborne
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Man Group’s £190m share buyback thrusts spate of M&A deals in the spotlight
Questions raised over whether hubris is behind management picking M&A over share buybacks
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Liontrust acquisition of Majedie raises questions about ‘obvious overlap’ in UK funds
Anthony Cross and Julian Fosh already have a well-established £10bn UK equity range
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Abrdn’s £1.5bn Interactive Investor deal looks richly valued
Adviser platforms Parmenion and Nucleus were sold for under £150m
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Regulatory burden means 8% of advisers plan to sell up in next five years
Increases to 23% for sole financial planners, finds Dynamic Planner
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Kingswood to buy the Iboss Group in £16m deal
£1.4bn DFM is Kingswood’s fourth acquisition this year
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Assetco tipped as better home for R&M than Premier Miton
The UK All Companies sector would contain six different funds with a Premier Miton/R&M badge if the two managers joined forces
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Wealth consolidator snaps up £362m in double acquisition
IWP acquires Scotland and Surrey-based planners