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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.

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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.

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Novia CEO Bill Vasilieff

Private equity firm snaps up £8bn Novia platform

Details
15 December 2020
  • Platforms
  • Novia
  • private equity
  • AnaCap
  • mergers

Private equity firm AnaCap Financial Partners has acquired the £8bn Novia adviser platform, its third platform acquisition in 12 months.

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Nucleus website

Updated: 2 firms pull out of Nucleus race

Details
04 December 2020
  • Platforms
  • Transact
  • James Hay
  • Nucleus
  • private equity
  • mergers
  • Aquiline Capital Partners
  • Allfunds

Private equity firm Aquiline Capital Partners and fintech Allfunds have pulled out of the bidding race for adviser platform Nucleus.

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Tavistock website

Tavistock rethinks exec pay boost after concerns

Details
04 December 2020
  • Tavistock
  • Tavistock Investments
  • pay
  • mergers
  • executives

Financial adviser network and wealth manager Tavistock Investments has postponed a general meeting planned to approve a boost to the earnings of senior executives.

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David Lawrence

Kingswood hires CEO from Schroders FP arm

Details
02 December 2020
  • CEO
  • Kingswood
  • Gary Wilder
  • Schroders Personal Wealth
  • mergers
  • David Lawrence

Wealth manager and Financial Planner Kingswood has recruited Schroders Personal Wealth’s chief commercial officer David Lawrence to be its new UK chief executive for wealth management.

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Harpsden Wealth Management

WH Ireland snaps up Chartered Planner for £7.8m

Details
30 November 2020
  • takeover
  • HenleyonThames
  • WH Ireland
  • mergers
  • Harpsden Wealth Management

Wealth manager WH Ireland has acquired Henley-on-Thames Chartered Financial Planner Harpsden Wealth Management.

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Equilibrium's new HQ

Chartered Financial Planner secures bigger HQ

Details
30 November 2020
  • Colin Lawson
  • expansion
  • HQ
  • offices
  • mergers
  • Equilibrium Financial Planning

Expanding Chartered Financial Planning firm Equilibrium has shown confidence in the future by taking a 15 year lease on a new HQ office building for its 89 staff.

Read more …

Parmenion website

Parmenion sale moves closer

Details
30 November 2020
  • Platforms
  • Standard Life
  • Parmenion
  • Standard Life Aberdeen
  • mergers

Standard Life Aberdeen is expected to make an announcement on the future of its Parmenion platform, one of three it owns, this week.

Read more …

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