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Hornbuckle-parent Embark mulls IPO

Direction-Business-Strategy-Choice-Decision-Crossroad-700.jpgHornbuckle-parent Embark Group has signalled a potential initial public offering is in its “medium term agenda”.

Embark is also the parent company for Ssas administrator Rowanmoor and fund researcher The Adviser Centre, and acquired the Avalon platform out of administration last year.

Embark this week announced it appointed KPMG as its auditor and, in that statement, the big-four firm commented on Embark’s appetite to consider an IPO.

KPMG audit partner Richard Gabbertas says: “The medium term agenda of the business, including a potential IPO, is perfectly matched to our core competencies and our deep financial services experience. Hence we are delighted to retain and expand our mandate with the Embark team.”

Speaking to Money Marketing after the publication of its 2016 annual results, Embark chief executive Phil Smith said the group is aiming to be a £12bn assets-under-administration business by the end of next year.

It reports a £3m loss for the year ended 31 December 2016, which Smith said relates to acquisitions and investment in Embark’s new adviser platform.

Embark has partnered with investment giant BlackRock on account fund management for the new platform, which it says is aiming to be a “material disruptor” with its pricing model.



Hornbuckle parent acquires Charles Stanley Sipp business

Hornbuckle parent Embark Group has acquired the Sipp and SSAS arm of Charles Stanley for an undisclosed sum. EBS Management will be kept as a subsidiary of Embark and will operate independently. It will continue to operate and administer Sipp products under the Charles Stanley bran through advised and execution-only channels. The existing team will […]


Hornbuckle parent acquires DFM research business Discus

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. […]


Hornbuckle parent to launch new wrap proposition

Hornbuckle parent Embark is to relaunch its wrap through a partnership with a “very large, very well-known” fund manager. Embark Group chief executive Phil Smith says the new proposition will be launched after tax year-end and will make the company “loud and proud in the market with a different kind of offering”. The Embark wrap […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]


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