With the vast amount of consolidation occurring in the advice industry, there will become a point where big consolidators will snap up medium size consolidator firms, MKC Wealth’s CEO Dominic Rose says.
Former Quilter directors Rose and Nigel Speirs acquired MKC Wealth in October 2021 as the pair planned to expand through the acquisition of other firms, as well as through organic growth. Rose, previously strategy and acquisitions director for Quilter Private Client Advisers, then became CEO and Speirs, formerly managing director, became executive chairman at MKC. Speaking to Professional Adviser, Rose said that consolidation in the advice industry is "only going to accelerate". "We will eventually see big consolidators buying medium-sized consolidators," he said. In its acquis...
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