View more on these topics

Bestinvest looks to double assets to £10bn through acquisitions

Bestinvest chief executive Peter Hall says he is looking to double the company’s assets under management to $10bn within the next five years by acquiring a number of large firms.

The investment advisory business currently holds around £4.7bn in assets under management on behalf of more than 50,000 clients.

Speaking to Money Marketing, Hall says he would like to see assets more than double to £10bn by 2018.

Hall says he expects major consolidation amongst advisory firms as a result of the RDR, and believes scale is necessary to succeed.

He says: “You need scale in order to be efficient in terms of all the support costs and compliance that one needs in a business, so for us it will be important to acquire.

“The number I have in mind is that we should be a £10bn asset firm in five years. That means you need to think about radical options. You do not get there through a few small acquisitions, you need to look at tying up with some other big players.”

Hall says Bestinvest’s execution-only service Select is also a key avenue for growth, servicing orphan clients who have been deterred from paying for advice post-RDR.


BoI borrowers in fresh call for FCA to act over rate rise

<!– <!– <!– –> –> –> Bank of Ireland borrowers leading a class action against the bank’s tracker mortgage rate rise this month are calling again on the Financial Conduct Authority to take action. On 1 May, 13,500 BoI borrowers saw their tracker mortgages increase. Around half are buy-to-let borrowers who saw rates increase from […]

Multi-manager view: Robin McDonald

Markets spent much of early 2013 fending off unwelcome headwinds and most started the year in positive territory. Recently though, some investor bullishness has faded and we entered the second quarter with some of the early year euphoria beginning to wane. We started the year believing that there remained a significant opportunity in selective areas […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Sounds more like a desperate attempt to be acquired.

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