View more on these topics

Lancashire IFA scores £40m acquisition

West Lancashire-based IFA Acumen Financial Partnership has acquired fellow advice firm Wyre Investment & Financial Management.

The deal will see Acumen take on 400 active clients and £40m in funds under management.

Wyre founder Liz Warren and an administrative staff member will join Acumen’s team of 17, eight of which are advisers.

Acumen founder Angela Maher says the purchase will help the firm gain a stronger foothold across the North.

She says: “This acquisition is another important step forward as it sees us significantly increase our client base and open our first branch office.

“It puts Acumen in a much stronger position as we look to continue to grow and develop our firm.”

Profile: Acumen MD on growing your own advisers

Speaking to Money Marketing in September, Maher said has no plans to sell her firm to a major consolidator despite its relatively small size.

She said: “Sometimes people have sold out for what they’ve thought was a good deal and the consolidator has dismantled everything they’ve built up over their careers in front of them. No amount of money would be enough for us to let that happen.”



FOS hit with 300 pension transfer complaints since freedoms

The Financial Ombudsman Service has revealed it received 300 complaints relating to defined benefit to defined contribution pension transfers since 2015. However, this currently makes up 2 per cent of all pension complaints between April 2015 and March 2018, when the FOS received a total of just under 15,000 complaints on pensions and 1,700 complaints […]

Standard Life Aberdeen investors want change of leadership

Institutional investors want to see Standard Life Aberdeen’s reigning duo out, according to a poll at Procensus – a platform for sharing opinion on markets. Two thirds of 21 surveyed investors, polled in a Procensus-organized research asked for Standard Life Aberdeen’s co-chief executives structure including Keith Skeoch and Martin Gilbert, would be scrapped. Skeoch and Gilbert have […]


Keydata boss loses battle to overturn £76m FCA fine

The boss of former failed investment company Keydata Stewart Ford has lost his attempt to overturn a £76m fine handed down from the FCA. Keydata became infamous for the sale of life settlement bonds, which pooled life insurance policies into a securitised investment. The Luxembourg-registered bonds ran into trouble when it was claimed their tax […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm