Digital wealth manager Moneyfarm acquires investment firm Willis Owen

This acquisition brings Moneyfarm's group total assets to more than £5bn and marks the firm's third in the UK over the past three years. The deal follows its integrations of Profile Pensions and Wealthsimple's UK book of business. The completion of the transaction is expected to be finalised in the first quarter of 2025. Moneyfarm said its hybrid approach to wealth management, combining digital tools with human advice, aligns "seamlessly" with Willis Owen's "heritage of customer-centricity". "At a time when more people are seeking support to navigate the complexities of financia...