Mattioli Woods buys Ashcourt Rowan pensions admin units in £1.3m deal

Scott Sinclair
clock

Wealth manager Mattioli Woods has acquired the pension administration business of Ashcourt Rowan in a deal which could be worth more than £1.3m.

The acquisition, by City Pensions, a subsidiary of Mattioli Woods, comprises an initial consideration of £700,000 plus deferred payment of up to £625,000, subject to certain revenue and client retention targets being met in the next five years. It includes the trade plus certain assets of Ashcourt Rowan Administration, 100% of the share capital of Ashcourt Rowan Pension Trustees and 100% of the share capital of Robinson Gear (Management Services) from Ashcourt Rowan Holdings. Taken together, the three business units, which were acquired by Ashcourt Rowan in 2006, provide trustee and a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Professional Adviser TV: Creative ways to tackle the advice gap

Professional Adviser TV: Creative ways to tackle the advice gap

With Octopus Money CEO Ruth Handcock and financial adviser Kristian Manton

Professional Adviser
clock 25 April 2025 • 1 min read
Economic secretary confirms wholesale ISA review as experts demand sweeping reform

Economic secretary confirms wholesale ISA review as experts demand sweeping reform

LISA reform front and centre

Beth Brearley
clock 24 April 2025 • 2 min read
 MorganAsh introduces customer support tracking to vulnerability platform

MorganAsh introduces customer support tracking to vulnerability platform

Recording suggested next steps

Jaskeet Briah
clock 24 April 2025 • 2 min read