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

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

Move intended to boost UK growth

Linus Uhlig
clock 31 January 2025 • 2 min read
Partner Insight:  Future-proofing your business:  The case for investment outsourcing

Partner Insight: Future-proofing your business: The case for investment outsourcing

Schroders' Jamie Fowler and Philip Chandler explain why outsourcing is a proactive strategy that can transform your advisory business.

Schroders
clock 31 January 2025 • 2 min read
Watch Professional Adviser's Working Lunch with Orbis now: Risk and return from the bottom up

Watch Professional Adviser's Working Lunch with Orbis now: Risk and return from the bottom up

Catch up on the discussion

Professional Adviser
clock 31 January 2025 • 1 min read