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Rathbones says IFA network deal is not start of a spree

Rathbones Brothers says its acquisition of IFA network Vision Financial Planning is a one-off deal and it has no plans to buy more distribution firms.

This week, Rathbones announced it has acquired a 19.9 per cent holding in both Vision Financial Planning and sister company Castle Investment Solutions, which provides Vision with certain administrative services. It plans to acquire the remainder of both businesses in 2015.

Vision has 23 appointed rep firms and focuses on high-net-worth private clients. Rathbone Investment Management has an existing discretionary fund management panel relationship with Vision.

The £2m deal sees Rathbones purchase the stakes from Vision and Castle founders Roger Edwards and Paul Sweaton and their spouses.

Rathbones Investment Management head of investments Paul Chavasse says: “We are not looking to buy up further IFAs to crunch them together and shoehorn them into a centralised investment proposition – that goes against client choice.” founder Justin Modray says: “Buying IFA firms for distribution is very short-sighted given the impact the RDR may have.”



Lenders commit to interest-only

Five of the largest UK lenders have reaffirmed their commitment to interest-only mortgages, saying they have no plans to withdraw from the market. HSBC, Lloyds Banking Group, Barclays, Coventry Building Society and Yorkshire Building Society say they are committed to the interest-only market, after Nationwide and the Royal Bank of Scotland announced major changes to […]

Brian Tora: You can’t argue with 29 yrs of dividend growth

Sometimes this weekly article on what the investment world might hold in store for investors and their advisers writes itself. At other times no discernible pattern emerges, which is not to say that there is not plenty to at least think about. This week feels very much as though markets are on hold, in the […]

Bellpenny secures acquisition deals worth £400m FUA

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Ashcourt Rowan sets out share incentive plan to lock-in key staff

Aim-listed Ashcourt Rowan is proposing a new share incentive plan which could see it give away 20 per cent of the company to management and employees if its share price reaches set targets. The new share plan, being put to shareholders, will see a maximum of 20 per cent of the company owned by employee […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]


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