View more on these topics

Wren Sterling acquisition strengthens Scottish presence

Scotland-Scottish-Flag-700x450.jpgNational advice firm Wren Sterling has acquired Dunfermline-based T D Armstrong Financial Planning.

The deal brings £116m in assets under management to Wren Sterling, boosting total assets to £3.3bn.

T D Armstrong’s IFA team of three will move under the Wren Sterling umbrella, which already has an advice team in Glasgow.

Formerly known as Towergate Financial, the firm rebranded after a management buy-out separation from broker Towergate in 2015.

The acquisition is the third for Wren Sterling since 2016 and follows that of First Trust Bank in Northern Ireland.

Chief executive Ian Halley says: “This acquisition is an exciting step for Wren Sterling because it further supports the growth of our business. I’m looking forward to working with Max and his team to embed these clients into our business ensuring they continue to have access to independent financial planning services.”

Ambitious growth plans for Wren Sterling will see it look to make further acquisitions moving forward.

Halley adds: “We are looking for opportunities to acquire more businesses and back books where there is a good cultural fit between the businesses and it’s clear that a transaction will secure clients’ access to advice.”

Wren Sterling has advice firms in London, Nottingham, Weybridge, Grantham, Halifax, and Warwick, as well as in Belfast.

Recommended

1

Lords committee calls on govt to splash £8bn on social care

The economic affairs committee in the House of Lords has called on the government to immediately spend £8bn on social care to help stem the crisis. A report published today on social care funding makes several recommendations to end the lack of money in the system. It finds publicly funded social care support is shrinking, […]

Second jobbers eye advice sector

One in four employees is considering opportunities in the financial advice sector, reflecting a growing interest in planning as a career, according to Openwork. A nationwide study by the network found those between 25 and 45 were most likely to move into advice, with men being 12 percentage points more likely than women. One in […]

picture of senior woman at a glass window, to represent story about long-term care
1

Steve Webb: is it time for the care pension?

Steve Webb, Director of Policy and External Communications Steve Webb offers a potential solution to the issue of funding long-term care, by asking whether it’s time for the ‘care pension’. The UK’s long-term care system has been steadily spiralling out of control. Around one in four of us is set to spend more than £20,000 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com