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AFH CEO Alan Hudson

US private equity firm to buy AFH for £224.5m

Details
25 January 2021
  • AFH
  • Alan Hudson
  • mergers
  • Flexpoint Ford LLC

US private equity firm Flexpoint Ford LLC has agreed a £224.5m cash takeover of Financial Planning group AFH.

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Hurst Point Group website

Hurst Point acquires 5 Planner firms in 2020

Details
25 January 2021
  • Neil Dunkley
  • mergers
  • Hurst Point
  • Cameron Lewnes
  • Portcullis Wealth Management
  • Russell Marlow
  • Hazlewood Investment Services
  • Argentis Financial Planning

Hurst Point Group has revealed today that it acquired 5 Financial Planning firms in 2020 with more deals on the way.

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SJP logo

SJP to chop 200 roles after review

Details
12 January 2021
  • jobs
  • St James's Place
  • SJP
  • Andrew Croft
  • mergers

Wealth manager St James’s Place is to cut 200 jobs from its workforce following a review of the business.

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Sesame CEO Michele Golunska

Kelly exits as Sesame Bankhall reshuffles exec team

Details
11 January 2021
  • Sesame Bankhall Group
  • reshuffle
  • network
  • Ross Liston
  • Richard Howells
  • mergers

Adviser network Sesame Bankhall Group has given expanded roles to Richard Howells and Ross Liston as part of an exec reshuffle.

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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.

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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.

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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 …

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