When private equity enters the wealth management and financial advice space, we need to be careful that what's best for clients is not forgotten, writes Neil Moles
Private equity has become a significant player in the wealth management and financial advice sector in the last few years. In 2020, we saw Carlyle, the private equity giant, buy Harwood Wealth Management for just shy of £91m. Meanwhile, Beech Tree Private Equity struck a deal with wealth consolidator Advanta Solutions to fund a multiple acquisition strategy. The Novia wealth management platform was snapped up by private equity firm AnaCap Financial, its third acquisition in the UK wealth management platform sector in the past 12 months. Last month, it was announced that AFH Financial ...
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