Veracity completes MBO

The deal, completed for an undisclosed sum, gives directors at Veracity full control of the firm with effect from 24 January. It follows Macquarie's announcement last year it was closing its UK wrap and Veracity business. Veracity will continue to be led by CEO John Baxter and COO Tim Crew. "The completion of this buyout enables Veracity to continue to help businesses with their transformation journey, enabling them to be RDR-ready and prepared for the new challenges ahead in the adviser market post 2012," says Baxter. Veracity helps financial adviser businesses make the transforma...