Platform One buys Gaudi assets and trustee firm in £1bn deal

Agreement will see Platform One launch its own on-platform SIPP

Hope William-Smith
clock • 1 min read

Platform One is set to acquire the operation of more than £1bn self-invested personal pension (SIPP) assets currently administered by Gaudi.

The deal - announced today (26 April) - will also see the wrap platform provider acquire Gaudi Trustees. Platform One confirmed that the addition of Gaudi staff into its business will allow it to launch its own on-platform SIPP. "With the upcoming launch of our new SIPP, we will deliver a more rounded proposition for our IFA customers and their clients," said chief executive Alex Cowan-Sanluis. It confirmed it has gained permissions to run a SIPP alongside the deal and hopes to "offer a more holistic offering to its IFA users and their clients". Gaudi will be rebranded to Platfo...

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