European platform Allfunds is to combine with Credit Suisse's InvestLab open architecture investment fund activities to create a wealth platform with more than €500bn (£447bn) in assets under management (AUA).
The deal, which remains subject to regulatory approval, would lead to a combined business that would distribute more than 78,000 funds and ETFs to more than 700 distributors across 45 countries. In...
'Better value for money'
Inflows increased 67% in the quarter
Starting next month
Platform tools fall short
Made an offer last year
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams