M&A Deals
Australian banking giant to exit wealth management
National Australia Bank (NAB) is to exit its advice, platform, superannuation and asset management business by the end of 2019, according to the bank’s financial results.
Harwood WM makes second acquisition in a week
UK financial planning firm Harwood Wealth Management has made its third IFA acquisition of 2018 by acquiring Fund Management Limited for £1.13m ($1.5m, €1.2m).
Harwood Wealth Management continues IFA buying spree
Harwood Wealth Management is showing no let up in its IFA firm buying spree after it struck a £1.56m deal to acquire retirement solutions specialist Plan 65.
US asset manager buys majority stake in Hermes IM
One of the biggest US fund managers Federated Investors has bought a 60% stake in Hermes Investment Management from the UK’s BT Pension Scheme in a £246m ($350m, €284m) deal.
Fairstone poised to buy nine IFAs this year
Fairstone is set to acquire IFA firms in Leicester and Stockton-on-Tees and anticipates it will line up seven more acquisitions this year.