Torquil Clark signs new acquisition deals

clock

Torquil Clark has just signed two deals to acquire specialist life broker LifePolicies Direct and PS Employee Benefits, in a move which should boost the adviser group further up the ranks of the top 20 UK IFAs.

These latest acquisitions by Torquil Clark - for undisclosed sums - gives the combined group a combined turnover of around £9m as well as a move into corporate client sector with the acquisition of PS. While most aspects of the business will remain unchanged at LifePolicies, says Jason King, managing director and founding partner alongside Simon Platt, the telephone and internet-based life distributor - with a turnover of £4m and 40 staff - will relocate from its Telford office to TQ’s Wolverhampton office. King and Platt will retain an equity stake in the business, but both felt the...

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 Your profession

Bank of England cuts interest rates to 4.25%

Bank of England cuts interest rates to 4.25%

NICs rise and Trump-imposed tariffs

Sorin Dojan
clock 08 May 2025 • 1 min read
Rathbones FUMA falls 4.7% as Investec Wealth merger approaches completion

Rathbones FUMA falls 4.7% as Investec Wealth merger approaches completion

‘Reflected market volatility’

Eve Maddock-Jones
clock 08 May 2025 • 1 min read
Scottish Widows platform adds psychometric testing tool

Scottish Widows platform adds psychometric testing tool

To help advisers better understand clients’ ‘financial personality’

Sahar Nazir
clock 08 May 2025 • 2 min read