Lloyds 'close to finalising' £400m Embark Group takeover

According to SkyNews, where reports of the deal first surfaced, the potential acquisition could be announced before the end of the month. Embark has made a number of acquisitions itself in recent years. After launching its "low-cost" adviser platform in 2017 the group bought the advised and partnership client books of Alliance Trust Savings from Interactive Investor towards the end of 2019. It then acquired Zurich's adviser platform a month later.  The group has around £38bn assets under administration through its adviser platform business Advance by Embark, which contains the old Zur...