Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Courtiers in talks over two £100m acquisitions

Courtiers in talks over two £100m acquisitions

Courtiers expects to strike two deals to bring in a combined £200 million of assets under management (AUM) before the end of the year.

The wealth manager is in talks with a London-based firm that will add £100 million, and hopes to conclude the deal by September.

It is also in earlier-stage negotiations with a company based on the south coast that has another £100 million of AUM. Courtiers stated that this deal should be concluded by December.

A third tie-up for £20 million of AUM should also be agreed by July.

The trio of deals would increase Courtiers' £485 million of AUM by almost half.

These transactions will follow two recent ones that yielded Courtiers a combined £40 million of AUM.

In the first, Courtiers acquired the business assets of Compton Row, an advisory firm in Chichester. Director Alex Dungar has joined Courtiers with a view to transitioning his clients over the next 24 months ahead of his retirement.

The second involved Courtiers establishing a joint venture with Hampshire-based Grosvenor Vokes that will last three years, after which Courtiers will have the option to acquire its business assets. Director Alan Vokes will also work with Courtiers on passing over his clients.

Courtiers chief executive Jamie Shepperd told Wealth Manager that such handover arrangements were a crucial attraction for advisers approaching retirement.

‘We really make them part of Courtiers rather than an outsider,’ said Shepperd (pictured). ‘There is nothing worse for a client than the person who has been looking them for a number of years suddenly saying they’re finished.’

Shepperd remarked that access to Courtiers' in-house resources was an additional selling point. £325 million of the firm's £485 million in AUM is held in its discretionary investment management service, with star internal managers including Citywire A-rated Gary Reynolds.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter