M&G has acquired Sandringham Financial Planning scoping up £2.5bn in assets under management including 180 advisers.
It is clear that the shape of the market is shifting dramatically between big platform and asset managemer-linked adviser businesses and in a general-sense independent businesses. The former look set to dominate.
It does beg the question whether the latter group might want to differentiate themselves.
Is the prime motivation advice or gathering assets?
Interactive Investor has begun discussions with investment banks as it mulls a return to public markets with a £2bn float.
Quilter says it has set aside £7m for defined benefit transfers compensation.
The housing market was so buoyant that despite the stamp duty holiday, receipts hit a record, as FTAdviser reports.
Emma Thomson, head of protection at Sesame Bankhall Group, calls on advisers to support the income protection underdog.
A significant people move – Tom McPhail rejoins the pensions world signing up for consultancy the Lang Cat.