M&G Wealth Management's Montgomery: Our model is primed for future growth

'We feel we can continue to grow in the future'

Jenna Brown
clock • 3 min read

Jenna Brown talks to David Montgomery, managing director of newly formed M&G Wealth Management, about its shifting advice model and future growth strategies

M&G Wealth Management plans to triple the size of its self-employed adviser partnership business from its current roster of 70 and will transition its traditional Prudential Financial Planning (PFP) operation to a digital offering as part of its push into the wealth management space. M&G Wealth Management - launched on 30 September - is the new division in which both advice businesses and the Ascentric platform sit. Prudential Financial Planning currently employs 350 intermediaries while the firm's newer self-employed model The Advice Partnership (TAP) has 70 on its books. Managing...

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

Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Hoxton Capital AUM tops £1.3bn with double IFA acquisition

Dudley and Guildford-based IFAs purchased

Isabel Baxter
clock 17 April 2024 • 1 min read
Tatton sees AUM reach £17.6bn as advice firm numbers grow

Tatton sees AUM reach £17.6bn as advice firm numbers grow

Discretionary fund manager records net flow increase of 28% to £2.3bn

Isabel Baxter
clock 16 April 2024 • 2 min read
New online platform launches for care-related advice

New online platform launches for care-related advice

To meet Consumer Duty and vulnerability regulatory expectations

Isabel Baxter
clock 16 April 2024 • 2 min read