2plan in takeover talks with 'large' firms

Carmen Reichman
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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...

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