Lighthouse and Sumus merger effective today

clock

The merger of IFA and wealth management firms Lighthouse and Sumus has today become effective, with a number of appointments to the new Board.

Listed Sumus shares have been cancelled, with the new Lighthouse shares admitted to the London Stock Exchange from 8am this morning. As a result, Lighthouse's issued share capital now comprises of 127,679,197 ordinary shares, valued at 1p each. As stated in the scheme document, former Sumus chief executive Allan Rosengren joins the Lighthouse board as joint chief executive, sharing the role with Malcolm Streatfield. Allan will focus on the group’s move to funds under advice and administration, as well as taking responsibility for the SIPP business, while Malcolm will be responsible fo...

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

Advisers urged to use value for money 'checklist' on providers

Advisers urged to use value for money 'checklist' on providers

Hymans Robertson shares questions IFAs should ask

Isabel Baxter
clock 25 July 2025 • 3 min read
SimplyBiz CEO warns of advice sector 'polarisation'

SimplyBiz CEO warns of advice sector 'polarisation'

Important to continue supporting smaller firms, Tom Hegarty tells PA

Isabel Baxter
clock 24 July 2025 • 5 min read
PFS invests £1m in future talent

PFS invests £1m in future talent

Key that financial planning tackles 'mistrust' and knowledge gaps

Sahar Nazir
clock 23 July 2025 • 2 min read