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.
Merger discussions between Rathbones and Smith and Williamson have collapsed following a decision by the latter to attempt to list on the stock market.
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.
Old Mutual Wealth has boosted its assets under advice by £120m following its acquisition of a Cheadle-based financial adviser.
Standard Life Investment and Aberdeen Asset Management will make 800 job cuts once their £11bn merger deal is finalised.
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.
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.
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.
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.
RLAM’s Cholwill has predicted a pick-up in M&A as mega caps face stagnant growth prospects.