Verso is undertaking a company restructure following the Financial Conduct Authority’s (FCA) industry-wide consolidation review.
Professional Adviser understands that following the regulator's review of wealth management consolidation firms, it asked Verso to undertake a minor company restructure to establish a single UK parent entity for the Verso Group, which is in the process of completing. Following the FCA's instructions, VWM Holdco is now the UK parent entity of Verso Wealth Management. Cairngorm Capital continues to be the majority shareholder of the Verso Group. The FCA revealed in October 2024 that it would carry out the multi-firm review into consolidation of financial advice firms. It wrote to CE...
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