Advice M&A: Why integration needs a day-one plan

Consolidation has in recent years become a prominent feature of the UK's wealth management market. While consolidation is not a new development, the number of deals and the scale of the transactions has markedly increased. Larger and medium-sized firms are acquiring smaller firms at speed, and at the top end of the sector, we're seeing significant deals. Think Natwest's recent acquisition of Evelyn Partners, which created a huge UK entity with over £120bn in assets under management. In this new landscape, where consolidation is an almost constant fixture, ownership structures an...