By Michele Maatouk
Date: Wednesday 18 Aug 2021
LONDON (ShareCast) - (Sharecast News) - M&G said on Wednesday that it has agreed to but Sandringham Financial Partners, a provider of independent financial advice, for an undisclosed sum.
The acquisition will bring more than £2.5bn of assets under advice to M&G, as well as relationships with around 180 advising partners acting on behalf of over 10,000 individual clients.
Chief executive John Foley said: "This deal strengthens M&G Wealth's position in the UK savings and investment market, complementing our existing network of advisers and many clients and direct customers with a well-established national independent financial adviser business.
"Sandringham will accelerate our ability to grow and build our advisory capability across the UK and to provide a wider range of investment solutions to more clients."
Once the deal completes, Sandringham will sit within M&G Wealth alongside its existing advice, platform and investment businesses.
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 200.50p |
Change Today | -1.40p |
% Change | -0.69 % |
52 Week High | 238.80 |
52 Week Low | 183.05 |
Volume | 4,411,565 |
Shares Issued | 2,380.25m |
Market Cap | £4,772.41m |
RiskGrade | 186 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Latest | Previous | |
---|---|---|
2nd Interim | Interim | |
Ex-Div | 28-Mar-24 | 28-Sep-23 |
Paid | 09-May-24 | 03-Nov-23 |
Amount | 13.20p | 6.50p |
Time | Volume / Share Price |
16:35 | 28,958 @ 200.50p |
16:35 | 1,912,804 @ 200.50p |
16:35 | 1,968 @ 200.50p |
16:35 | 4,025 @ 200.50p |
16:35 | 1,726 @ 200.50p |
You are here: research