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st February 2021 7:40 am
Good morning and welcome to your Morning Briefing for Monday, 1 February, 2021. To get this in your inbox every morning click here.
Hargreaves’ Bumper Results
What a year direct-to-consumer platforms have had. With time on their hands, and uncertainty swirling in every direction, more people – and more young people – are taking it upon themselves to open investment accounts.
We have already seen the likes of AJ Bell report staggering numbers. Today was the turn of Hargreaves Lansdown, the biggest fish of them all. It did not disappoint; net new business was up 40 per cent for the six months ending December, reaching £3.24bn, with 84,000 new clients added since June.
It has more than 10 deals in the pipeline which will be completed in ‘the next few months’
Perspective Financial Group has acquired Darlington-based financial planning firm Atkinson White Partnership (AWP).
The deal adds £130m ($178m, €146m) in assets under management (AUM) from around 500 wealth management clients.
AWP founders Simon Atkinson and Neil White are to retire from the business in a few months, but will remain as consultants until that time.
This marks Perspective’s 39
th acquisition since it was founded in 2008 and brings the firm’s AUM to £3.2bn.
Ian Wilkinson, chief executive of Perspective Financial Group, said: “This acquisition further strengthens our national network giving us an additional local office in the important Darlington, Teesside and North Yorkshire region.
Perspective makes third acquisition of 2021 moneymarketing.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymarketing.co.uk Daily Mail and Mail on Sunday newspapers.
Financial planning and wealth management group Perspective Financial Group has acquired Darlington-based Atkinson White Partnership for an undisclosed fee.
Priest asked caring churchgoer to take in lodger who later murdered her in frenzied attack
Binman Roman Frackiewicz was convicted of murdering 77-year-old Jadwiga Szczygielska in her Edinburgh flat
Frackiewicz faces a life sentence following his conviction after a three-day trial
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