Moneyfarm gets regulatory green light for Willis Owen acquisition

The digital wealth manager sees assets exceed £5.5bn

Isabel Baxter
clock • 1 min read

Digital wealth manager Moneyfarm has received all necessary regulatory approvals for its acquisition of Willis Owen and has now completed the deal.

Moneyfarm said the acquisition marks a "significant milestone" in its growth and expansion strategy. It has added £680m in assets to the wealth manager, taking total assets to more than £5.5bn. This acquisition marks Moneyfarm's third UK expansion in the past three years, following the integrations of Profile Pensions and Wealthsimple's UK book of business. Moneyfarm CEO and co-founder Giovanni Daprà said: "We are really pleased that our acquisition of Willis Owen is now complete.  We welcome our new colleagues to the Moneyfarm family, and we are excited to work together to combine th...

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 Companies

Clifton completes PE backing deal with CBPE and makes seven acquisitions

Clifton completes PE backing deal with CBPE and makes seven acquisitions

Went through end of February as Clifton snaps up seven advice businesses

Isabel Baxter
clock 10 March 2025 • 4 min read
Close Brothers Asset Management becomes Trinitybridge

Close Brothers Asset Management becomes Trinitybridge

Follows sale to Oaktree

Linus Uhlig
clock 07 March 2025 • 1 min read
Royal London CEO: 'Advisers are the lifeblood of our business'

Royal London CEO: 'Advisers are the lifeblood of our business'

Provider posts £277m operating profit and £1bn net outflows

Isabel Baxter
clock 07 March 2025 • 4 min read