M&A in the wealth sector continues to sizzle, defying a slowdown in some other sectors, but what does it mean for IFAs and wealth managers? Greg Cant shares his insight
We see no end to the ongoing M&A land grab underway through the consolidation of the financial adviser market, which comprises approximately 28,000 advisers across 5,000 firms. Oxford Risk recently reported that £137bn of assets under management (AUM) was acquired in 2022, up from £87bn in 2021. Activity continues to be strong into 2023, and we expect to see a number of the larger consolidators in the market looking to sell in whole, or part, to trade or new private equity (PE) over the next 12 months, capitalising on strong growth delivery and market conditions. Valuation multiples i...
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