Alliance Trust Savings (ATS) is acquiring Wolanski & Co Trustees Limited (WACT) today in a deal it claims will create a top five self invested personal pension (Sipp) provider.
ATS will acquire all of WACT’s Sipp and small self-administered scheme (Sas) administration business. Approximately 50 people who work for the London-based company will now form part of ATS’s staff. ATS claims the deal will make it one of the largest Sipp providers in the UK by number of members. Alan Harden, chief executive at ATS, says: “By taking the combined strengths of both companies we have an excellent fit of two different yet complementary companies. “We look forward to building on the strong combination of the excellent customer service, administration expertise and focus o...
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