Tavistock to sell two business arms to fund ‘potential future acquisitions’ and buy back shares
Some 30% of shareholders have already voted in favour of the sale to Saltus
Some 30% of shareholders have already voted in favour of the sale to Saltus
Advisers should be offering solutions that improve their clients’ lives while steering them away from passing trends
Backing will ‘significantly accelerate’ UK wealth firm’s current growth plans
Deal adds £160m in AUM
Firm says decision to go independent is ‘markedly different from the general direction of the industry’
Independent discretionary firm Saltus Fund Management has unveiled plans to buy Mercater Capital Management in its second acquisition of the year.
Saltus is the latest wealth management firm to take advantage of the Retail Distribution Review by launching a new rate card for intermediaries using its discretionary fund management (DFM) portfolios.
Saltus Partners has added a global equity fund of funds to the discretionary management service available to intermediaries looking to outsource their investment capability.