Cavanagh Group links up with SEI as it eyes acquisitions

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Cavanagh Group, the AIM-listed IFA, has selected SEI to support its expansion strategy and transform the firm's business model in the run-up to the RDR.

The IFA, which has £1.5m AUM, has chosen SEI's wealth management offering as it looks to consolidate its client proposition and establish a foundation for future growth. In particular, SEI's global wealth platform will support its expansion strategy by providing a scaleable, repeatable acquisition model for new businesses and a conversion plan for existing client assets. "In the current wealth management landscape, IFA solutions are generally limited and unable to support large businesses," says Joseph Ujobai, executive vice president, SEI's private banks segment. "The move by Cava...

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