Advisers without DB work 'significantly' more attractive

Advisers have been told firms with no defined benefit transfers on their books are “significantly more attractive” to buyers on the acquisition trail, although consolidators have found most sellers have activity in this area. 

Speaking at a webinar hosted by merger and acquisitions broker Gunner & Co last week (July 17) David Inglesfield, chief executive at consolidator Independent Wealth Planners, said it was “relatively unusual” to find a seller with no transfer cases.

Read more at FTAdviser.