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14 th May 2021 9:02 am Good morning and welcome to your Morning Briefing for Friday 14 May, 2021. To get this in your inbox every morning click here. A challenger’s ambitions There are deals taking place all over the advice market of late with ambitious upstarts taking on established players. One to watch is platform Hubwise that has just announced a tie up with fintech Moneyinfo. The management at Hubwise have big plans and this new development underscores the intention to meet growth targets. The deal also shows the fierce competition among platforms and fintechs to show advisers their digital infrastructure is cutting edge. ....
Gilbert’s AssetCo bids for boutique Edinburgh fund manager By Michael Klimes 14 th May 2021 8:33 am Martin Gilbert’s new investment vehicle AssetCo plc wants to acquire Saracen Fund Managers Limited (Saracen). The deal for £2.75m is subject to regulatory approval and gives some indication of AssetCo’s intentions. The former fire emergency rescue company is now an investment vehicle focused on acquisitions with arch-dealmaker Gilbert at the helm. In January the former Standard Life Aberdeen (SLA) chief executive bought a 9.9% stake in AssetCo. But it has been reported Gilbert has been in a tussle with SLA’s fund arm over his involvement in the new company. ....