View more on these topics

YourWealth acquired by South African investment firm

Online financial planning firm YourWealth.co.uk has been acquired by South African investment firm Momentum for an undisclosed fee.

YourWealth launched last year as a direct-to-consumer platform, and in November set up an adviser-facing service to sit alongside its D2C planning tool Money Hub.

The UK arm of Momentum has acquired Your Wealth and the Money Hub app technology subject to regulatory approval.

Momentum chief executive Ferdi van Heerden says: “This acquisition is exciting for Momentum as it is in line with our South African initiative aimed at providing consumers with pertinent information to assist them to manage their financial wellness. This acquisition ensures the same approach can be provided to our UK clients.”

YourWealth founder Toby Hughes says: “My vision when we set out was to empower people to make better choices over their financial futures by using our technology. The deal gives us the opportunity to fast track development for both YourWealth and the MoneyHub app to accelerate that vision.”

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