M&G acquires £2.5bn AUA Sandringham FP

Sandringham has more than 180 IFA partners as part of the firm who look after more than £2.5bn assets under advice for around 10,000 clients. Sandringham will sit within M&G's wealth division alongside its existing advice, platform and investment businesses once the deal completes, which is subject to regulatory approval.  M&G Wealth Management is made up of Ascentric - the adviser platform business it acquired last September from Royal London - along with its direct funds arm and two financial advice units, Prudential Financial Planning and The Advice Partnership (TAP). The restructu...