European Wealth hits acquisition trail as assets climb

clock • 1 min read

AIM-listed wealth management group European Wealth reported a rise in assets of nearly a quarter in the first six months of the year.

Assets climbed from £660m to £820m in the six months to 30 June as the group completed the acquisition of Surrey-based IFA firm Compass - its fifth such deal in four years.  Executive chairman John Morton said: "The last six months have been a period of continued expansion. "The completion of the AIM admission in May was a major milestone for the group. This brought immediate benefits, with the Compass acquisition and associated fund raising following less than two months later. "Such a transaction would have been far harder to execute under our previous ownership structure and und...

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 Investment

AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read
Tatton AM launches range of passive funds as AUM surpasses £20bn

Tatton AM launches range of passive funds as AUM surpasses £20bn

Net flows double from last year

Cristian Angeloni
clock 13 November 2024 • 1 min read
Mabel Insights adds DFM partner

Mabel Insights adds DFM partner

Additional Waverton data to be available on comparison site

Jen Frost
clock 12 November 2024 • 2 min read