Valuations for IFA businesses drop
- Wednesday, 17 April 2024
- Articles
![Gunner & Co website](/media/k2/items/cache/249608b2b123898e7b303b5ed6f26d4b_Generic.jpg)
The valuation of independent financial advice businesses has dropped from an average of 4 times recurring income in 2022 to 3.3 times recurring income for the first quarter of 2024, according to a new study.
Read more...Fintel invests £3m in Mortgage Brain and ifaDASH
- Tuesday, 26 March 2024
- Articles
![Fintel website](/media/k2/items/cache/0d4e73c597e999ef200c8fb9fa77d4dc_Generic.jpg)
Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has invested £1.5m in Mortgage Brain and acquired 70% of fintech ifaDASH for up to £1.5m.
Read more...Fairstone completes acquisition of £110m AUM IFA
- Tuesday, 26 March 2024
- Articles
![Lee Hartley of Fairstone](/media/k2/items/cache/fbe7d62d35661f842c461210dcc91b03_Generic.jpg)
North East-based Chartered Financial Planning-focused wealth manager Fairstone has completed the acquisition of £110m AUM Nottingham IFA James Ryan Thornhill three years after first announcing the deal in June 2021.
Read more...7IM acquires £430m AUM Midlands Planner firm
- Wednesday, 20 March 2024
- Articles
![7IM was founded in 2002 by seven "escapees" from the world of big corporate finance](/media/k2/items/cache/dbf4ddfa13bd4b89d9950d42d2f0ac5c_Generic.jpg)
Platform and investment manager 7IM has acquired Financial Planning firm Eastcote Wealth Management for an undisclosed sum.
Read more...