Announced
Financials
Sources
Tags
Private
United Kingdom
Minority
Single Bidder
Pending
Acquisition
financial advice
Management Consulting
Friendly
Domestic
Synopsis
M&G, a global investment manager, agreed to acquire a 49.9% stake Continuum, a provider of financial advice. Financial terms were not disclosed. "There is a growing need in the UK for consumers to be able to access financial advice services in a way that best suits their circumstances and requirements. This 'advice gap' is something we are keen to help address. Continuum has a terrific reputation in the industry and grows our capability to provide a wider range of advice services and investment solutions to more clients," David Montgomery, M&G Wealth Managing Director.
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