The Marygold Companies, a diversified global holding firm, today announced that its wholly owned subsidiary, Marygold & Co. (UK) Limited, has completed the acquisition of Step-By-Step Financial Planners Limited (“SBS”), an investment advisory firm based in Rugeley, Staffordshire, England.

SBS has approximately US$33.7 million (£27 million) in assets under management and provides a full range of financial advisory services to individuals and companies across a diverse product range, including wealth management. Kevin Pratt, the founder of SBS, and his team will continue with the company and provide ongoing advice and continuity to the clients. Terms of the transaction were not disclosed.

“The acquisition of SBS is in keeping with our corporate strategy of expanding and growing our presence in the global financial services and fintech sector under the Marygold & Co. brand, which was established in 2019,” said Nicholas Gerber, TMC’s Chief Executive Officer. “It represents the second acquisition completed by Marygold & Co. (UK), following the purchase in 2022 of UK-based financial advisory firm Tiger Financial & Asset Management Limited. We look forward to providing multi-channel financial services to our growing base of existing and new clients, both through traditional business advisory and our new fintech app that we plan to introduce in the UK later this year, following a successful U.S. launch in 2023,” Gerber added.

Matthew Parden, Chief Executive Officer of Marygold & Co. (UK) Limited, said, “SBS is a perfect fit for Marygold & Co. (UK) that allows us to leverage our highly transformative fintech capabilities within the UK and address the advice gap faced by too many consumers. SBS brings us a solid new client base, with a valuable infrastructure and expert staff to help us grow and expand our market presence.”

“I am delighted that our organization is joining and will become an integral part of The Marygold Companies’ family,” added Step-By-Step’s Kevin Pratt. “I look forward to maintaining close working relationships with our existing and very much valued clients by continuing to advise them and by maintaining the high standards of service they have come to appreciate.”

 

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