2plan in takeover talks with 'large' firms

Carmen Reichman
clock

IFA network 2plan is in renewed takeover talks with "large" adviser businesses following two failed acquisitions last year.

The Openwork-owned network said it was in regular conversations with businesses who were keen to join the firm and hopes to agree a deal in the coming months. Chief executive Chris Smallwood (pictured) said the firm aims to grow from 280 to between 400 and 500 advisers over the next three years. He said the figure was not a 'target figure' but would help increase the efficiency of 2plan's loss-making technology business Figure Out, which supplies the technology used by the firm's advisers. 2plan was in discussions with two firms last year but the deals fell apart following due dili...

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

Fintel simplifies model into two divisions as it stresses cultural fit in acquisitions

Fintel simplifies model into two divisions as it stresses cultural fit in acquisitions

The group moves from three divisions to two

Sahar Nazir
clock 16 September 2025 • 2 min read
PA Awards 2026: Get your entries in by Friday!

PA Awards 2026: Get your entries in by Friday!

Celebrating the best in financial planning and advice

Professional Adviser
clock 16 September 2025 • 1 min read
Professional Adviser TV: Breaking down barriers for career movers and young talent

Professional Adviser TV: Breaking down barriers for career movers and young talent

‘Where do they go if there’s no opportunity for them’

Professional Adviser
clock 12 September 2025 • 1 min read