View more on these topics

Aim-listed adviser eyes trio of acquisitions on growth trail

Aim-listed advice and discretionary management firm Harwood Wealth is close to scoring another three acquisitions, it has revealed.

Harwood currently has ‘heads of terms’ signed with a trio of firms, and says there “continues to be no shortage of opportunity”.

Harwood’s results read: “Whilst we face competition from other acquirers of IFA businesses, we do not believe the level of competition is very different from our experience over the last decade.

“The factors driving the supply of IFA businesses remain very similar and include the growing regulatory burden facing IFAs and the simple fact that many IFAs are considering retirement.”

Assets under influence increased 23 per cent from £4.3bn in the first half of 2018 to £5.3bn in the first half of 2019.

Revenue was up 6 per cent to £16.1m, and pre-tax profit was up 74 per £1.6m.

Chairman Peter Mann says: “Against the backdrop of turbulent equity markets the group continued to deliver in line with its strategy.”

“Our strategic aim is to deliver profitable growth across three areas: organic, through both the existing client base and attracting new clients; acquisitions of small to medium sized financial advisory and wealth management businesses which can help to fuel future organic growth; together with improving the efficiency of our operations and economies of scale as the business grows.”


Ros Altmann

Ros Altmann: Can we ever make pensions sexy?

Pensions are a brilliant product, and the success of auto-enrolment offers a tremendous opportunity for the industry to explain the advantages to millions more workers. However, campaigns to educate, enthuse and engage savers have simply not materialised. Traditionally, pension products were sold to individuals or employers by intermediaries. As such, providers have had little experience […]

Latin America: welcoming the reformers

Thomas Smith talks reform in Latin America, compelling valuations and accelerating growth at Rathbone Investment Management’s London offices. Watch the video here In the video, Tom discusses: Why he expects Brazil’s economic recovery to accelerate in 2019 How a change in the political landscape is paving the way for accelerated growth across the region The […]

Quilter: Will the long-awaited DB transfer template finally deliver?

At the peak of the market around two years ago, clients were frequently left frustrated as Cash Equivalent Transfer Values (CETVs) lapsed. Many advisers conducting defined benefit transfer appraisal will be familiar with the potentially jeopardising effect of even a small snag in the process. Where valuations lapsed clients were forced to ask the scheme […]

Robo-advice platform names ex-Accenture MD as chairman

Robo-advice platform Wealth Wizards has appointed ex-managing director of digital consultancy Accenture as chairman. Scanes Bentley has served as non-executive director at Wealth Wizards since 2017. He was managing director at Accenture between 2012 and 2014. The company said in a statement: “As a former partner and managing director of both the financial services and […]

trevor greetham

Multi asset market views

With the world economy continuing to strengthen, Trevor Greetham, Head of Multi Asset at RLAM provides an update on the positioning of our multi asset funds and the Investment Clock. Watch the video here Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed […]


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