View more on these topics

Hornbuckle parent acquires DFM research business Discus

Handshake-Business-Finance-Deal-Corporate-700.jpg

Embark Group, the owners of Sipp provider Hornbuckle and platform Avalon, has bought discretionary fund management research business Discus.

The price of the deal was not disclosed.

Discus will sit alongside The Adviser Centre and Scopic Research, Embark’s other investment research businesses.

Embark said the move was targeted at helping advisers make better investment decisions.

Embark chief executive Phil Smith said the firm was committed to “building a portfolio of investment research and financial intermediary service businesses that add real value to the advice sector.”

He added that the research buys were “highly complementary” to the core Sipp, Ssas and wrap offerings from the rest of the group.

Embark acquired Avalon, which operates both a platform and Sipps, out of special administration last February.

Its acquisition drive then extended to taking over SIpp provider Rowanmoor that July, and pledged to make further acquisitions after taking over The Adviser Centre in October.

However, the investment consultancy market received scrutiny in the FCA’s recent asset management market study, with the regulator saying it would look at whether the Competition and Markets Authority should investigate the market.

The regulator said: “Investment consultants undertake valuable due diligence for pension funds but are not effective at identifying outperforming fund managers. There are also conflicts of interest in the investment consulting business model which require further scrutiny.”

Recommended

Hornbuckle parent eyes more deals after buying up Adviser Centre

Embark Group says it is eyeing other acquisition deals following its acquisition of investment consultancy The Adviser Centre. City Financial’s investment research arm was acquired by Embark last week for an undisclosed sum. The deal sees the The Adviser Centre team, including investment director Peter Toogood, move with immediate effect. It will operate independently from the Embark Group […]

Business-Handshake-Finance-Deal-700.jpg

Hornbuckle parent to acquire Rowanmoor

Hornbuckle parent Embark is close to a takeover of rival Sipp provider Rowanmoor, Money Marketing understands. It is understood Rowanmoor has been on the market for some time while Embark recently acquired failed platform Avalon. Sipp firm consolidation has been expected ahead of the September deadline for the new capital adequacy rules which drastically increase […]

General-Business-Handshake-Hire-Appointment-700x450.jpg
1

Hornbuckle parent acquires failed Avalon platform

The parent of Sipp firm Hornbuckle has taken over stricken platform and Sipp provider Avalon Investment Services. Embark Group has set up a new firm, Embark Investment Services, to take control of Avalon’s £300m of assets and 50,000 clients – of which 1,200 have Sipps. Avalon applied to go into special administration this week after […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com