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2plan “surprised” by Park Row press statement

2plan Wealth Management chief executive Chris Smallwood has expressed his shock at reading the Park Row press statement revealing the 2plan/Park Row deal had collapsed.

Smallwood says the deal was supposed to have been signed at 1pm today and that the press statement had been released without his knowledge.

Park Row issued a statement this afternoon suggesting the deal for Park Row advisers to be taken on by 2plan had collapsed after the firms failed to agree satisfactory terms.

Smallwood says: “We are clearly rather disappointed and surprised to read the press statement which Park Row issued early this afternoon. We have been in exclusive talks with them over the past few weeks and had always believed that both parties were working well together with the same level of integrity and honesty.

“Last night a conference call between both parties confirmed that an agreement had been reached which we were all happy with and indeed we were due to sign legal agreements at just after 1pm today. Sadly however, we then saw press statements, issued without our knowledge, saying that the deal had collapsed. We believe this may have happened following a board meeting held by Royal Liver this morning, but have not had any confirmation on this.”

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. 2plan “surprised”
    Better to be jilted at the alter, than to wake up the next morning full of regret.

  2. Seems a bit out of order
    Seems a bit out of order to send out a statement saying the deal is off and not even tell you guys.

  3. park row
    I work as an IFA within Park Row and the way the this whole situation has been managed is terrible. We have been left in the dark. There is a sense of abandonment in the air.

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