AssetCo completes acquisition of Saracen

Plans to expand fund range

Kathleen Gallagher
clock • 1 min read

AssetCo has completed the acquisition of Edinburgh-based Saracen Fund Managers for £2.75m and sets out plans to broaden the product range.

Peter McKellar, deputy chair and CEO of AssetCo, said: "The completion of the acquisition of Saracen Fund Managers is part of AssetCo's overall strategy of investing in, building and managing asset and wealth management businesses. Saracen is a small fund management firm with great potential." McKellar said the aim is to grow the business through marketing its current fund range and launching new products to "meet the evolving needs of investors". This acquisition follows AssetCo's successful purchase of 63% equity interest in ETF Rize Limited from J&E Davy Holdings, which took place ...

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

PA Working Lunches: Long-term structural change with Scottish Mortgage

PA Working Lunches: Long-term structural change with Scottish Mortgage

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 February 2025 • 1 min read
Partner Insight: How smoothed funds can meet clients' needs

Partner Insight: How smoothed funds can meet clients' needs

Andy Brown, head of fund solutions at Standard Life, explains what led the firm to create its smoothed fund proposition.

Sarka Halas
clock 21 February 2025 • 2 min read
'I'm ready for this, there's no denying': Four reasons to celebrate AIM's 30th birthday

'I'm ready for this, there's no denying': Four reasons to celebrate AIM's 30th birthday

The Alternative Investment Market launched on 19 June 1995

Eustace Santa Barbara
clock 20 February 2025 • 4 min read