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Done deals: the IFAs who have sold up so far in 2018

As Former New Model Adviser® Ian Head sells his business to Harwood Wealth Management, we look back on all the IFAs who have sold up so far this year.

Pryde of Scotland

Date: 15 May 2018

Adviser: Douglas Pryde

Firm name: DG Pryde

Location: Edinburgh

Assets under management: £200 million

Buyer: Old Mutual Wealth Private Client Advisers

Sold for: Undisclosed sum

IFA staying or leaving? Staying as a consultant in the short term

Full story here

Pryde of Scotland

Date: 15 May 2018

Adviser: Douglas Pryde

Firm name: DG Pryde

Location: Edinburgh

Assets under management: £200 million

Buyer: Old Mutual Wealth Private Client Advisers

Sold for: Undisclosed sum

IFA staying or leaving? Staying as a consultant in the short term

Full story here

Getting ahead

Date: 30 April 2018

Adviser: Ian Head (pictured)

Firm name: Fund Management

Location: Ascot 

Assets under management: £34 million 

Buyer: Harwood Wealth Management 

Sold for: £1.13 million

IFA staying or leaving? Staying

Full story here

Plan65's 

Date: 23 April 2018

Adviser: Keith Turner and Doug Rae 

Firm name: Plan65 

Location: Ascot

Assets under management: £42 million 

Buyer: Harwood Wealth Management 

Sold for: £1.65 million 

IFA staying or leaving? Both men will retire

Full story here

Hughes' huge deal

Date: 10 April 2018

Adviser: Mark Hughes (pictured)

Firm name: Mark Hughes & Associates

Location: Royston

Assets under management: £50 million

Buyer: AFH

Sold for: £1.6 million

IFA staying or leaving? Staying

Full story here

Standing Ovation

Date: 3 April 2018

Adviser: Chris Budd

Firm name: Ovation Finance

Location: Bristol 

Assets under management: Unknown

Buyer: Ovation Finance employees 

Sold for: Undisclosed value/sum

IFA staying or leaving? Leaving

Full story here

Benchmark Buy

Date: 3 March 2018

Adviser: Unknown

Firm name: Alderbrook Financial Planning

Location: West Sussex

Assets under management: Unknown

Buyer: Benchmark Capital

Sold for: £2.1 million

IFA staying or leaving? Unknown

Full story here

Sanlam scoop

Date: 19 February 2018

Adviser: Stuart Grennan and Helen Chapman

Firm name: Grennan Advisers

Location: East Yorkshire 

Assets under Management: £60 million

Buyer: Sanlam

Sold for: Undisclosed sum

IFA staying or leaving? Staying, for now

Full story here

M&A at A&M

Date: 14 February 2018

Adviser: Unknown

Firm name: A&M Financial Services

Location: Wiltshire

Assets under management: £40 million

Buyer: Old Mutual Wealth Private Client Advisers

Sold for: Undisclosed sum

IFA staying or leaving? Unknown

Full story here

Taking a punt in the South

Date: 22 January 2018

Adviser: Gary Hunt

Firm name: Focus Oxford

Location: Oxford

Assets under management: Unknown

Buyer: Punter Southall

Sold for: Undisclosed sum

IFA leaving or staying? Staying

Full story here

Getting deals done in Glasgow

Date: 15 January 2018

Adviser: Alistair Creevy (pictured)

Firm name: Independent Advisers (Scotland)

Location: Glasgow

Assets under management: Unknown

Buyer: Succession Group

Sold for: Undisclosed sum

IFA leaving or staying? Staying 

Full story here

AFH continues spree

Date: 8 January 2018

Adviser: Nigel Parbrook

Firm name: Monopoly Financial Consultants

Location: Hertfordshire

Assets under management: Unknown, but Monopoly is expected to contribute £170,000 of recurring revenue to AFH

Buyer: AFH Financial 

Sold for: £631,000

IFA staying or leaving? Staying

Full story here

A rolling Standard Life gathers Moss

Date: 03 January 2018

Adviser: Tony Moss and Robert Goldschmidt

Firm name: Cumberland Place

Location: London 

Assets under management: £400 million

Buyer: Standard Life (1825)

Sold for: Undisclosed sum

IFA staying or leaving? Staying

Full story here

Legal eagle AFH

Date: 21 May 2018

Adviser: N/A

Firm name: Merito (Freeths LLP)

Location: offices nationwide

Assets under management: unknown

Buyer: AFH Financial

Sold for: £530,000

IFA staying or leaving? N/A

Full story here

Brewing up a buy

Date: 21 May 2018

Adviser: David Hogg

Firm name: Clark Thomson MortgageFinders Ltd

Location: Dundee

Assets under management: undisclosed

Buyer: Brewin Dolphin

Sold for: undisclosed sum

IFA staying or leaving? Leaving to retire

Full story here

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