The number of acquisitions involving UK financial advice firms has risen by 11% from 398 to a record high of 440 in the last year.
The record deals are being driven by private-equity backed consolidators, latest data from international law firm Mayer Brown shows.
It added that the fragmented nature of the IFA markets “lends itself naturally to consolidation” as it can allow the PE-backed firms with a huge capital base to grow the businesses as well as invest in technology and other customer-focused initiatives.
Read the full article from MoneyMarketing here.
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales.