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Park Row talks with 2plan collapse

Park Row has ended exclusive talks with 2plan Wealth Management after failing to agree satisfactory terms.

Park Row says it remains committed to an orderly transfer of its 240 advisers to an appropriate firm as it continues to take steps to wind down the business.

Advisers will be invited to roadshows in their respective regions to assess the options open to them.

Park Row has confirmed that it has undertaken all necessary consultation periods and all its employees have been put on risk of redundancy.

Money Marketing first revealed that the firms were in talks last month. 2Plan has around 180 advisers but that would have risen to 420 if the deal had gone through.

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