R&M bidding war reaction: AssetCo slightly 'better fit'

Not surprised at consolidation

Kathleen Gallagher
clock • 3 min read

While investors and industry commentators are not surprised about the latest potential consolidation within the industry, they are eyeing the recent bidding war for R&M with interest and some believe AssetCo may be the better fit.

This morning, following press speculation overnight, Premier Miton Group confirmed it has approached R&M about a merger that could create a business with more than £18bn in assets, while AssetCo also confirmed it has made an offer to the firm. Darius McDermott, managing director of FundCalibre, said he was "[not] surprised there is more consolidation on the cards". He went on to point out "there are always economies of scale when you merge businesses and clearly both Asset Co and Premier Miton think there is an opportunity here". "This is a business where size matters," explained Dewi...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Bikes, bias and the quest for outperformance

Bikes, bias and the quest for outperformance

I'm a disciple of the philosophy espoused by Lotus founder Colin Chapman: 'Add lightness'

Tobias Bucks
clock 14 July 2025 • 5 min read

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read