Royal London takes 30% stake in equity release provider
Subject to FCA approval
Barry O Dwyer: We believe that later life lending will become a core part of financial planning.
Royal London has taken a 30% stake in equity release provider Responsible Group as it predicts later life lending will become a core part of financial planning .
The mutual insurer said the deal, which is subject to regulatory approval, would include both Responsible Life and Responsible Lending businesses. Royal London entered the later life lending market.
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Truinvest continues acquisition spree with two new firms
By Sonia Rach 5
th March 2021 8:22 am
Truinvest is continuing its acquisition spree with the purchase of NLP Financial Management and Birchwood Investment Management, taking the total number to four.
The firm, which launched in 2019 and identifies itself as a “market disrupter”, was co-founded by former Mattioli Woods chief operating officer Mark Smith and M&A director Micky Johal.
It is currently backed by family office Stonewood Wealth Management, which has injected an undisclosed amount of funding.
Last year, the firm acquired Group Rapport in March and Bromwich Financial Planning in May. Truinvest said the latest additions to its portfolio, combined with its previous acquisitions, will take its assets under advice and management to almost £1.1bn.
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