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Kingswood UK CEO David Lawrence

Kingswood buys Essex IFA for £15.3m

Details
07 February 2022
  • acquisition
  • Kingswood
  • mergers
  • Joseph R Lamb

Acquisitive Financial Planning group Kingswood has acquired Essex-based IFA Joseph R Lamb for £15.3m as its buying spree continues.

Read more …

Financial Planners are preparing for provider disruption in 2022

Provider consolidation could test Planners in 2022

Details
13 January 2022
  • fund management
  • DFM
  • acquistions
  • mergers

Mergers and acquisitions among asset managers and DFM providers could provide some unexpected headaches for Financial Planners in 2022.

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New Financial Planning group One Four Nine launched in October with the acquisition of Charter Financial Planning and Riche Whatmough Crozier, backed by private equity house Copper Street Capital.

Expect more US PE-financed Planner deals in 2022

Details
12 January 2022
  • private equity
  • acquistions
  • Tilney Smith & Williamson
  • mergers
  • One Four Nine

The Financial Planning market can expect to see increased interest in acquisitions from private equity firms in the first half of 2022, according to Tilney Smith & Williamson.

Read more …

LEBC's Derek Miles

Tavistock buys LEBC stake from founder's widow for £10m

Details
10 January 2022
  • LEBC
  • Tavistock Investments
  • Jack McVitie
  • BP Marsh
  • mergers
  • Marie McVitie

Financial Planning and investment group Tavistock Investments has acquired a 21% stake in retirement-focused financial adviser LEBC from the founder's widow for £10m.

Read more …

M&G Wealth's John Foley

M&G gets green light for Sandringham takeover 

Details
07 January 2022
  • Wealth Management
  • M&G
  • Sandringham Financial Partners
  • mergers

Fund and wealth management group M&G has received the regulatory go ahead for its acquisition of financial adviser firm Sandringham Financial Partners.

Read more …

XPS Pensions Group website

XPS to buy Manchester SIPP firm for £3.75m

Details
23 December 2021
  • Sipps
  • Ssas
  • XPS Pensions Group
  • XPS
  • mergers
  • Michael J Field Consulting Actuaries

XPS Pensions Group, the actuarial, consulting and admin business, is to acquire the business and key assets of Manchester-based SIPP and SSAS provider Michael J Field Consulting Actuaries for £3.75m. 

Read more …

Praemium website

Morningstar buys Praemium UK platform for £35m

Details
21 December 2021
  • Platforms
  • Morningstar
  • Praemium
  • mergers

US-owned investment and data provider Morningstar has snapped up the UK and international arms of Australian-owned platform Praemium for £35m.

Read more …

Royal London logo

Royal London offers exclusive merger talks to LV=

Details
13 December 2021
  • LV=
  • Royal London
  • takeover
  • acquistions
  • Bain Capital
  • mergers

Royal London confirmed today it was offering exclusive talks with fellow mutual LV= about a possible merger after a £530m bid by US private equity firm Bain Capital for LV= collapsed last week.

Read more …

Charles Stanley website

FCA delay holds up £280m Charles Stanley takeover

Details
13 December 2021
  • regulation
  • Raymond James
  • Charles Stanley
  • mergers
  • FCA delays

The takeover of wealth manager Charles Stanley by US-owned rival Raymond James has been pushed back a month due to delays in securing FCA approval.

Read more …

Charles Stanley website

FCA approves £280m Charles Stanley takeover

Details
13 December 2021
  • regulation
  • Raymond James
  • Charles Stanley
  • mergers
  • FCA delays

The FCA has today approved the £280m takeover of wealth manager Charles Stanley by rival wealth firm Raymond James.

Read more …

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