Chartered Financial Planner Fairstone, one of the UK’s most acquisitive wealth managers, has hired Steve McNicol from the legal sector as its new chief development officer. 

Wall Street bank Goldman Sachs is believed to be one of three bidders aiming to take a sizeable stake in adviser platform Nucleus, according to a report from Sky News today.

Chartered Financial Planner Tom Barnett has been promoted to be managing director of two wealth management and Financial Planning firms with £1bn under management and advice.

Sky News is reporting that wealth manager and Financial Planner Brooks Macdonald is plotting a £300m bid for fund manager 7IM.

The acquisitive Financial Planning and wealth management firm Kingswood has today completed its deal to buy South-Yorkshire-based DJ Cooke (Life & Pensions) in a deal worth £1.5m.

Royal London and LV=, two large mutual providers, have abandoned merger talks, both firms confirmed today.

Royal London confirmed this morning that it was in “exploratory” takeover talks with rival mutual LV=.

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

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

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.