Fund manager Harwood Capital has dropped its bid to take over IFA Frenkel Topping.
A stock exchange announcement confirmed there had been discussions over the deal but it was no longer going to take place. The Salford-based adviser firm said it had made a robust start to the new financial year with January being a record month for new business wins since 2010. Frenkel Topping chief executive Richard Fraser said: "We have made significant progress in the last two years and delivered excellent results; with AUM at a record high and a healthy pipeline of new business wins, we are strongly positioned to continue delivering further growth and value for our shareholders....
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