Yellow Capital targets exiting IFAs

Director Haydn Ellwood says the fee-based company is looking to purchase around three IFA businesses and is on the verge of buying a five-man firm with £250m in assets under influence. "Our primary growth strategy is through acquisition and merger," he says. "The RDR has frightened the living daylights out of advisers and we see an opportunity to acquire the businesses of IFAs looking to retire." Ellwood says his firm, which specialises in investment portfolio management to high net worth clients, has also identified a gap in the market created by private banks which he says are consu...