AJ Bell has acquired MSM Media Limited and its trading subsidiary MoneyAM Limited for an undisclosed amount.
MSM is a specialist financial publishing business that produces a weekly magazine called Shares, organises annual awards and business events and has a number of online services, the main ones being MoneyAM, StockMarketWire and Brokerforecasts. It has 34 staff based in London.
MSM will continue to be run by its existing senior management, led by chief executive David Motum. AJ Bell Securities managing director Charles Galbraith has been appointed non-executive chairman of the MSM management board.
AJ Bell says MSM will be run as a separate business, with full editorial independence.
Motum says: “Content is becoming a key differentiator for investment platforms and our ability to generate specialist financial content will help to complement AJ Bell’s propositions in the platform space.”