Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter