Aegon UK bought another slice of distribution with the purchase of national corporate IFA Momentum for an undisclosed sum.
Momentum will retain its current board and identity after the purchase. It was formed by a management buyout from Aon two years ago and has 230 staff including 80 RIs. Momentum is based in Hampshire with nine branches around the country.
This is the third and largest IFA acquisition make by the Dutch-owned company, which has also bought Advisory & Brokerage and 50 per cent of Wentworth Rose.