AAB Wealth acquires planning firm Magus Wealth

This deal boosts its assets under advice (AuA) to £1.8bn, an uplift of £650m. Marking AAB's first wealth acquisition in the capital, the firm said this move "signals a strategic focus" on expanding its footprint and growing its team in London and the South-East. Headquartered near Gatwick, with an office in the City of London, Magus Wealth was established in 1998. AAB Wealth said the planning firm "aligns seamlessly with its commitment to delivering personalised financial planning". "This strategic expansion not only broadens AAB Wealth's geographical reach but also enhances its...