Apollo Private Wealth has bought fellow St James’s Place (SJP) practice Debra Wait Wealth, Management taking its assets under management (AUM) to £300m.
Apollo said the deal supported its growth strategy in the high net worth market and demonstrated how the SJP partnership offered a range of succession planning. It added that Debra Wait, founder of the Cambridgeshire-based business, planned to remain active in the business for at least the next 18 months to "help ensure a seamless transition for clients". Apollo founder and chief executive Nauman Gondal (pictured) said: "Debra Wait is an outstanding SJP partner who shares our commitment to the highest standards in client care and service, and she will continue to be a key part of the ...
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