View more on these topics

John Baxter leads MBO of Veracity

John Baxter has lead a management buy-out of Veracity Asset Transformation Service from Macquarie Group, Money Marketing understands.

Baxter, along with head of operations Tim Crew, are understood to have completed the deal last week for an undisclosed sum.

Veracity provides a business transformation service for adviser firms to move from a commission-charging structure to fees and was launched in October 2009 by Baxter.

In November, Macquarie announced it was closing Veracity and its UK wrap platform.


Macquarie and Veracity have now confirmed the buy-out, although the sum of the purchase remains unknown.

Baxter says: “We have a compelling proposition, delivered by a highly motivated and experienced team at a very relevant time for the IFA sector. The completion of this buy-out enables Veracity to continue to help businesses with their transformation journey, enabling them to be RDR ready and prepared for the new challenges ahead in the adviser market post 2012.”


Tales of the unexpected

Every new year fund managers predict which asset classes will do best. Groups rev up their marketing machines for the Isa season and try to anticipate the popular choice for investors. But what is always interesting is to look at what happened over the past year, whether the new year forecasts were correct and how […]

Seen it, doing it

The trick to predicting the future is to know what will happen next. In the black and white world of compliance, the past may be no guide to what lies ahead but, for example, firsthand experience of Australia’s financial advice revolution a few years back has not exactly hurt better business guru Brett Davidson as […]

Precise Mortgages launches near prime range

Precise Mortgages has launched 50 products designed for borrowers who are finding it difficult to get mortgages from high street lenders. The near prime, as the lender calls it, range include two year trackers, capped and fixed rate loans starting from 4.79 per cent. Products are only available on a capital and interest payment basis […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more


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. Good news for John, Tim and those IFAs who really need their service.

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