another acquisition

Foster Denovo makes another acquisition

National advice firm Foster Denovo has acquired London and Capital UK’s wealth business in its latest expansion deal.

While currently the clients receive wealth management solutions, Foster Denovo says that they may move into its wider financial planning proposition at a later date – though they will see no change to their portfolios and charges in the near-term.

Money Marketing revealed in February that Foster Denovo is in the early stages of building a platform for its advisers, adding to the investment management company, Sequel Investments, that it already owns.

Foster Denovo chief executive Roger Brosch says: “Our growth strategy is clear, we are well positioned for further deals and intend to be a ‘facilitator’ in the market, able to offer a compelling option for businesses who put the interests of clients and staff high on their list of deal priorities.”

Read the full article on Money Marketing here.