Ashcourt Rowan sells remaining SIPP business to Mattioli Woods

Laura Dew
clock

Wealth manager Ashcourt Rowan has sold its remaining SIPP and SSAS business to Mattioli Woods.

The £355,000 sale will see the SIPP and SSAS business, which it obtained when it acquired UK Wealth Management, move to City Trustees, which is the pension and trustee arm of Mattioli Woods. The sale comprises the pension trustee companies, Acomb Trustees Limited, Simmonds Ford Trustees Limited and Ropergate Trustees Limited, and the trade and certain assets of Pensions Administration Limited. This follows the sale of Ashcourt Rowan's own SIPP and SSAS business to Mattioli Woods for £1.3m last year. Ashcourt Rowan said SIPP and SSAS clients can still receive advisory and portfolio ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Pensions

Brian Raven, Tavistock chief executive

Tavistock revenues jump 14% amid year of acquisitions

Bought LEBC research firm

clock 27 June 2022 • 1 min read
Manager of Columbia Threadneedle UK Social Bond Simon Bond, who hands over fund management responsibilities at the end of the month.

Square Mile downgrades Columbia Threadneedle UK Social Bond on Simon Bond's departure

Somerset GEM loses rating

Melanie Boulton
clock 08 June 2022 • 2 min read
Global Equity Income became the best-selling IA sector in April

ISA season boost reverses fund outflows

£553m inflows over April

Melanie Boulton
clock 06 June 2022 • 1 min read
Trustpilot