Ganita Wealth has rolled out an investment bond to raise money for a UK-focused acquisition strategy.
The bond’s proceeds are to be invested in buying IFA and asset management companies, specifically in the UK market.
Paul Smith, chief executive of Ganita Wealth, said: “We are great believers in the future growth prospects of the UK wealth management market.
“We are in the process of building an integrated fund management and advisory platform par excellence.
“This bond will help to facilitate that growth as we look to acquire high growth IFA and fund management businesses.”
Expansion
Ganita Wealth is planning to expand its business into a number of complementary areas, including fund distribution, managing in-house Ucits funds, and the administration of financial products like Sipps.
Proceeds from the bond will also assist with setting up the firm’s asset management umbrella, which is now in progress.
Ganita Wealth has expanded its network in the last 12 months and is now operating in the UK, Cyprus, Czech Republic and Ireland, and soon to be operating in Dubai and India.
