Embark agrees to buy adviser and partnership business of ATS

The transaction will bring more than £6bn of assets under administration (AUA) to the retirement and platform giant, along with 30,000 new clients to Embark, taking the total scale of the Embark Group to over £22bn AUA on behalf of more than 180,000 consumer clients. The deal also includes the purchase of the ATS building in Dundee, which will become Embark's platform operation centre and group headquarters, with platform service partner FNZ also occupying space in the building. It follows investment giants BlackRock, Legg Mason and Merian Chrysalis Investment Company taking a combine...