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Nucleus CEO David Ferguson

Takeover target Nucleus reports assets up 8.1%

Details
08 January 2021
  • assets
  • results
  • AUA
  • mergers
  • Nucelus

AIM-listed adviser platform Nucleus, currently subject to a takeover battle, has reported assets under advice up by 8.1% to £17.4bn for Q4 2020.

Read more …

CMA logo

FNZ to challenge CMA sell off order

Details
08 January 2021
  • Platforms
  • FNZ
  • CMA
  • GBST
  • mergers

Platform engine FNZ is to appeal against the Competition and Markets Authority’s order to sell off its recent acquisition and rival GBST.

Read more …

Connectus Wealth Advisers

US wealth adviser buys Cheshire Financial Planner

Details
06 January 2021
  • Cheshire
  • mergers
  • Watterson Financial Planning
  • Focus Financial Partners
  • Connectus Wealth Advisers

Focus Financial Partners, a leading US wealth advisory firm, has acquired Cheshire-based Watterson Financial Planning.

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David Loudon of Redmayne Bentley

Redmayne Bentley annual profits up 27% 

Details
31 December 2020
  • profits
  • mergers
  • Redmayne Bentley

Investment management and SIPP provider Redmayne Bentley has reported a 27% increase in profits for its latest financial year thanks to a strong final quarter.

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Kingswood CEO Gary Wilder

Kingswood to raise £20m for 2021 growth plans

Details
31 December 2020
  • Shares
  • private equity
  • Kingswood
  • Gary Wilder
  • Pollen Street Capital
  • mergers

Wealth manager and Financial Planner Kingswood is to raise a further £20m to fund its acquisition war-chest.

Read more …

WH Ireland website

WH Ireland completes £7.8m Chartered Planner takeover

Details
23 December 2020
  • WH Ireland
  • mergers
  • Harpsden Wealth Management
  • Phillip Wale

Wealth manager has completed the £7.8m takeover of Chartered Financial Planner firm Harpsden Wealth Management it announced in November.

Read more …

Chris Ralph

SJP’s chief global strategist to step down

Details
21 December 2020
  • St James's Place
  • SJP
  • Chris Ralph
  • mergers
  • moves
  • chief global strategist

Chris Ralph, former chief investment officer at wealth manager St James’s Place, is to step down at the end of this year after 11 years with the company.

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Transact CEO Jonathan Gunby

Transact to cut charges in April as profits rise

Details
17 December 2020
  • Platforms
  • Transact
  • Integrafin
  • mergers

Transact is to cut some of its charges in April with annual commission charges and buy commission charges both reduced.

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(L to R) – UskVale Financial Planning principal Paul Pelopida and Fairstone chief commercial officer Scott Hopkinson

Fairstone acquires South Wales Financial Planner

Details
16 December 2020
  • Wales
  • Lee Hartley
  • Fairstone
  • acquistion
  • DBO
  • mergers
  • UskVale Financial Planning

Fast-growing Chartered Financial Planner Fairstone has acquired South Wales-based UskVale Financial Planning for an undisclosed sum.

Read more …

LV= website

esure owner unveils deal to buy LV= for £530m

Details
15 December 2020
  • LV=
  • takeover
  • private equity
  • mutual
  • Bain Capital
  • mergers

Global private equity firm Bain Capital, the owner of esure and other financial businesses, is to acquire the savings, retirement and protection business of mutual insurer LV= for £530m.

Read more …

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