Wealth manager acquires second advice firm in a year
Wealth manager and legal adviser Progeny Group has acquired Chestergate Financial Planning in a continued push of its ‘acquire to hire’ strategy.
Wealth manager and legal adviser Progeny Group has acquired Chestergate Financial Planning in a continued push of its ‘acquire to hire’ strategy.
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Merger discussions between Rathbones and Smith and Williamson have collapsed following a decision by the latter to attempt to list on the stock market.
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A government watchdog has announced an investigation into the merger of Standard Life and Aberdeen Asset Management, to ensure it does not damage competition in the industry.
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Old Mutual Wealth has boosted its assets under advice by £120m following its acquisition of a Cheadle-based financial adviser.
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Standard Life Investment and Aberdeen Asset Management will make 800 job cuts once their £11bn merger deal is finalised.
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The Adviser Centre has announced its acquisition of research group Scopic Research amid efforts to increase its presence in the UK IFA and wealth management space.
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As markets digest the news that AB InBev has agreed a deal to buy SABMiller for some £68bn, investors would be wise to consider what these kind of blockbuster deals may signify for markets.
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The first quarter of 2015 has already seen the most mergers and acquisitions activity since Towers Watson began compiling its Quarterly Deal Performance Monitor in 2008, the firm has said.
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Cash-rich companies are helping fuel the current rounds of M&A activity though there are still plenty of questions that need to be asked before diving in too early.
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RLAM’s Cholwill has predicted a pick-up in M&A as mega caps face stagnant growth prospects.
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