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MGIM website

MGIM buys Seneca to create £5bn asset manger

Details
13 October 2020
  • Asset Management
  • Seneca
  • M&A
  • mergers
  • MGIM

Momentum Global Investment Management (MGIM) has agreed to acquire Seneca, creating an asset manager with £4.7bn in assets under management.

Read more …

SKS Business Services website

Accountants with Financial Planning arms combine

Details
12 October 2020
  • takeover
  • mergers
  • SKS
  • Bailey Group
  • SKS Business Services

Two expanding regional accountancy firms with Financial Planning arms are to combine following a £20m takeover deal.

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Curtis Banks website

Curtis Banks' Talbot and Muir acquisition gains FCA approval

Details
06 October 2020
  • regulation
  • FCA
  • Curtis Banks
  • Talbot and Muir
  • mergers

The acquisition of Talbot and Muir by fellow SIPP provider Curtis Banks has satisfied its pre-conditions, including approval from the Financial Conduct Authority.

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Cavendish Online website

Fidelity acquires low cost firm Cavendish Online

Details
05 October 2020
  • Fidelity
  • Platforms
  • mergers
  • Cavendish Online
  • Ian Williams

 

Fidelity has acquired low cost financial services dealing firm Cavendish Online and will add it to its Personal Investing platform.

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7IM acquires London-based Financial Planner

Details
01 October 2020
  • 7IM
  • Partners Wealth Management
  • M&A
  • mergers

Investment platform 7IM has acquired London-based Financial Planning firm Partners Wealth Management.

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M&G Investments logo

M&G creates £28bn new wealth manager

Details
30 September 2020
  • Ascentric
  • Wealth Management
  • M&G
  • wealth manager
  • David Montgomery
  • mergers

 

Fund manager M&G is to create a new wealth management division under David Montgomery following the recent takeover of platform Ascentric.

Read more …

Sam Smith

Perspective appoints group acquisitions director

Details
29 September 2020
  • Attivo Group
  • Perspective Financial Group
  • M&A
  • Sam Smith
  • mergers

Fast-growing Financial Planner Perspective Financial Group has appointed Sam Smith as its group acquisitions director as it looks to finalise more deals.

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LV= CEO Mark Hartigan

LV= in exclusive talks with esure owner

Details
28 September 2020
  • LV=
  • Royal London
  • takeover
  • merger
  • M&A
  • tieup
  • Bain Capital
  • mergers

LV= confirmed today it is in exclusive talks with Bain Capital, the US private equity owner of esure, about a potential deal.

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Fairstone CEO Lee Hartley

Fairstone client numbers rise to nearly 70,000

Details
23 September 2020
  • clients
  • Lee Hartley
  • Chartered Financial Planner
  • Fairstone
  • M&A
  • mergers

Chartered Financial Planner group Fairstone has reported 22% growth in recurring income in 2019 with latest clients numbers rising to nearly 70,000.

Read more …

Newsmakers

Newsmakers: 7IM founder on launching new venture at 65

Details
22 September 2020
  • Platform
  • SME
  • investment
  • Justin Urquhart Stewart
  • Newsmakers
  • M&A
  • Regionally
  • mergers

Justin Urquhart Stewart, one of the founders of platform 7IM and a well known TV and radio financial commentator familiar onscreen for his red braces, retired recently from 7IM. But instead of hanging up his boots at 65 he has thrown his weight behind a new SME investment start up called Regionally where he is chairman. Financial Planning Today editor Kevin O’Donnell interviewed him via video call about the new business and its plans.

Read more …

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