European Wealth hits acquisition trail as assets climb

clock • 1 min read

AIM-listed wealth management group European Wealth reported a rise in assets of nearly a quarter in the first six months of the year.

Assets climbed from £660m to £820m in the six months to 30 June as the group completed the acquisition of Surrey-based IFA firm Compass - its fifth such deal in four years.  Executive chairman John Morton said: "The last six months have been a period of continued expansion. "The completion of the AIM admission in May was a major milestone for the group. This brought immediate benefits, with the Compass acquisition and associated fund raising following less than two months later. "Such a transaction would have been far harder to execute under our previous ownership structure and und...

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 Investment

Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Defaqto: 'No appropriate and compliant way to compare MPS portfolios'

Tech firm to debut a performance comparator tracking solutions’ data

Hope Coumbe
clock 09 May 2024 • 1 min read
Assessing investment decisions made in the heat of the moment

Assessing investment decisions made in the heat of the moment

'Investors were panicking, thinking no one would ever go outside again'

Chris Justham
clock 08 May 2024 • 2 min read
Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read