Nucleus has announced that it will purchase Curtis Banks Group in a cash deal, which on completion will create a retirement-focused adviser platform with about £80bn of assets under administration (AUA).
The cash deal, announced today (6 January), will be worth approximately £242m. The acquisition is conditional on approval by Curtis Banks shareholders and the receipt of clearances from relevant regulators. It is expected to complete in Q2. The deal will combine Curtis Banks' self-invested personal pension (SIPP) and self-administered pension schemes (SSAS) product offering with Nucleus' reputation in the platform market with the aim of creating a more comprehensive proposition to support advisers. Advisers currently served by Curtis Banks will also have access to a broader suite o...
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