consolidation

Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.

Suffolk Life, the self-invested personal pension specialist, has stepped away from pro-active acquisitions of other providers due to the quality concerns.

Why this consolidator won't touch 90% of advice firms...

Adviser firm consolidator AFH Financial Group has acquired the assets of a South East business, including its five advisers and principal, in a deal worth up to £973,000.

Consolidator AFH Financial has acquired Kidderminster-based advice firm K.L. Plester Financial Services for £1.7m.

Financial services firm consolidator Succession Advisory Services has signed two new advisers to its pool of members, adding £200m to its £10bn funds under management (FUM).

National wealth manager Attivo group has acquired three more IFAs as part of its mission to achieve £1bn of funds under management (FUM) by end of 2017.

IFA consolidator Moneygate Group has halved pre-tax losses in the first year following the Retail Distribution Review (RDR) its accounts have shown.

Pensions firm Barnett Waddingham has bought Harsant Services' 2,700-strong self-invested personal pension (SIPP) book for an undisclosed sum.

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.