The FSA has approved Openwork’s acquisition of 2plan Wealth Management.
The approval was officially granted on July 5 after Openwork announced it was to buy the firm in September last year.
Openwork chief executive Mary-Anne McIntyre says: “The approval will allow us to drive ahead with developing our IFA strategy and realising the potential of the business to widen our proposition.”
2plan chief executive Chris Smallwood says: “In our view the now wider Openwork Group has the right strategy and business model to thrive both now and following the introduction of RDR and we look forward to helping to develop its IFA capability in the months and years ahead.”
Openwork appointed McIntyre as new chief executive on June 30.