Advice acquisitions double with £48bn in AUM bought in 2022

More than 160 acquisitions announced in the last three years

Jenna Brown
clock • 2 min read

Activity in the buoyant advice firm acquisition market doubled during 2022, according to the latest NextWealth report, with the number of deals going from 54 in 2021 to 101 last year.

The report, Consolidators and Aggregators, said based on publicly announced deals, more than £26bn in assets under management (AUM) were bought during 2021 while the total assets snapped up in 2022 stood at more than £48bn. NextWealth managing director Heather Hopkins said: "We're seeing an almost Pacman-like appetite for advice firms, with over 160 acquisitions announced over the last three years. Based on the rate of acquisitions already to 1 March 2023 and our interviews with acquirers, we expect acquisitions this year to remain consistent with the rate seen in 2022. "Over the last...

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