Rathbones buys financial planning firm Saunderson House for £150m
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£4.7bn FUM
Investment firm and wealth manager Rathbones has bought South East financial planning firm Saunderson House in a £150m deal.
Buying 100% of the company s shares, Rathbones is to pay £130.2m in cash and £4.9m in new shares for the initial fee and £14.9m will be deferred. It is buying the financial planning firm from private equity house Epiris, which bought Saunderson House, alongside adviser platform and self-invested personal pension company James Hay, for £206m in 2019.
Rathbones acquires Saunderson House | Money Marketing
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Rathbones to acquire UK advice firm for £150m
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