Digital wealth manager Moneyfarm has received all necessary regulatory approvals for its acquisition of Willis Owen and has now completed the deal.
Moneyfarm said the acquisition marks a "significant milestone" in its growth and expansion strategy. It has added £680m in assets to the wealth manager, taking total assets to more than £5.5bn. This acquisition marks Moneyfarm's third UK expansion in the past three years, following the integrations of Profile Pensions and Wealthsimple's UK book of business. Moneyfarm CEO and co-founder Giovanni Daprà said: "We are really pleased that our acquisition of Willis Owen is now complete. We welcome our new colleagues to the Moneyfarm family, and we are excited to work together to combine th...
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