National IFA Wren Sterling buys advice and DFM business

Mutual has about 1,100 clients and £675m of assets under management (AUM). The deal takes the total AUM acquired by Wren Sterling over the last three years over the £1bn mark and pushes its own total assets to more than £5.4bn. The transaction, subject to regulatory approval, is Wren Sterling's first announced deal since its secondary management buyout by Lightyear Capital, finalised in late 2021, and its largest to date. It follows four acquisitions in 2021 and one each in 2019 and 2020. The four deals, the firm completed in the first half of 2021, included the acquisition of Sentine...