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

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...