Applewood eyes extra £100m AUM through acquisitions

Following the purchase of North Wales-based Ravencourt last year, managing director Karl Hartey says the acquisition of a Shrewsbury-based IFA with £20m in assets under management is "as good as done". He expects the deal with the IFA to be completed in March. "The firm will leave its network and we will take over its clients," he says. Hartey also reveals Applewood is looking to buy a Chester-based IFA with around £40m in assets and is eyeing up a Wrexham-based firm. Applewood hopes the acquisitions will bring in a collective £100m of additional assets. "If we can bring in tha...