City Financial agrees to sell The Adviser Centre to Embark Group

Toogood and team transitioning to new ownership

Anna Fedorova
clock • 2 min read

City Financial has agreed to sell The Adviser Centre, led by Peter Toogood, to Embark Group as it focuses on its alternative and multi-asset strategies.

The Adviser Centre, a consultancy service founded by City Financial, will transition to Embark Group with immediate effect, along with its team led by investment director Toogood (pictured). The transition has already been approved by all governance bodies and the consultancy service will from now on operate independently of other subsidiaries of the Embark Group. This transfer of ownership is part of a commercial agreement between Embark and City Financial, which will allow them to utilise complementary capabilities to collaborate in the UK retail financial services market. City F...

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 Companies

SJP complaints skyrocket as CMCs target clients

SJP complaints skyrocket as CMCs target clients

Ahead of historic advice review

Isabel Baxter
clock 07 May 2025 • 3 min read
M&A-hungry My Pension Expert enters £25m refinancing deal

M&A-hungry My Pension Expert enters £25m refinancing deal

Follows Tenet&You buy last year

Jen Frost
clock 29 April 2025 • 2 min read
FSCS investigates advice firm after director's £2.3m fraud charge

FSCS investigates advice firm after director's £2.3m fraud charge

Lifeboat fund working with FCA on potential Campbell & Associates claims

Isabel Baxter
clock 28 April 2025 • 2 min read