AJ Bell snaps up three investment firms in growth drive

In a statement, AJ Bell said it has agreed to acquire a small London-based investment management business, subject to Financial Conduct Authority (FCA) approval. The acquired business has two distinct parts, made up of three companies. Indexx Markets designs investment products. Its FCA regulated wholly owned subsidiary, Allium Capital, operates an existing range of investment funds, the FP Allium DRP funds. Mansard Capital, which is also FCA regulated, provides investment management services to, among others, the FP Allium Portfolio funds. AJ Bell said the acquisition adds inve...