SJP partner firms combine forces in Midlands merger
‘We have come as far as we can with our current structure,’ says Shrewsbury advice business
‘We have come as far as we can with our current structure,’ says Shrewsbury advice business
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The £54m deal will take the Edinburgh-based investment business off RBS’ hands
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Cornerstone Asset Management has offices in Edinburgh and Glasgow and about 1,000 clients
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Firm will acquire 100% of Pole Arnold’s issued share capital for an initial consideration of £4m
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Deal adds $124bn of AUM to US adviser’s global asset manager Columbia Threadneedle
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Comes weeks after reports that Nucleus staff were unhappy with the original offer over fears of staff cuts
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Assetco has promoted former Aberdeen Asset Management boss to chairman
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‘The board does not consider that a paper-only offer made using illiquid shares … is credible or warrants further consideration’
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Would-be acquirer believes shareholders ‘deserve the opportunity to decide on the merits of any offer’
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Deal is a ‘significant milestone’ for its growth strategy
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MWA Financial is planning to acquire a number of advice firms over the next three to five years
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Sale is to simplify SLA’s adviser strategy around its Wrap and Elevate platforms
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