Business as usual? The impact of Covid-19 on advice M&A

clock • 8 min read

As the UK slowly tries to rid itself of the novel coronavirus, is it business as usual for financial advice consolidators? Or will these merger and acquisition growth strategies see long-term changes as a result of the pandemic?

For David Lawrence, UK CEO of Kingswood, which made several acquisitions last year, including an £18m Yorkshire IFA purchase in June 2020, the market is a mixed bag at the moment. "The opportunity to consolidate in what is a very fragmented marketplace remains strong, and in many ways has not been interrupted by the pandemic," says Lawrence. "Some owners have seen revenues dip during 2020 leaving them thoughtful about the timing of a sale, but this is often overcome by valuing the business on a sustainable basis and with the addition of an incentive for growth as we come out of the pa...

To continue reading this article...

Join Professional Adviser

  • 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 Your profession

PA Working Lunches: Register now to hear from Schroders

PA Working Lunches: Register now to hear from Schroders

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 March 2023 • 1 min read
Goater: "Never underestimate the importance of good record keeping."

A day in the life of an adviser: Guernsey-based Rebecca Goater

PA hears how advisers all across the nation structure their workdays

Hope William-Smith
clock 24 March 2023 • 4 min read
Quilter adviser school revamps qualifications as head exits

Quilter adviser school revamps qualifications as head exits

Julian Hince to ‘pursue career outside Quilter Financial Adviser School’

Jenna Brown
clock 23 March 2023 • 2 min read