European Wealth is set to acquire US broker and financial services group Newbridge creating a firm with $4bn assets under management (AUM) and 20,000 clients on its platform.
Subject to US Financial Industry Regulatory Authority (FINRA) approval, the acquisition is set to complete in late 2017 or early 2018 with European Wealth expected to rebrand as Kingswood after it completes....
Ceremony will take place 13 November
300 organisations signed charter
Tough year for the sector
Targeting annual yield of 4%