Morgan Stanley Smith Barney has this morning confirmed the sale of wealth manager Quilter to private equity firm Bridgepoint, in a deal reportedly worth £175m.
Wealth management firm Quilter, owned by Wall Street bank Morgan Stanley, is in discussions about a possible sale to a private equity firm.
Amid the complications concerning rules running up to A-Day, eight out of ten IFAs have recorded a significant upward curve in SIPP business over the past twelve months, research indicates.