M&G acquires £2.5bn AUA Sandringham FP

180 IFA partners

Tom Ellis
clock • 2 min read
M&G Wealth managing director David Montgomery said the deal would allow the firm to attract more advisers.
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M&G Wealth managing director David Montgomery said the deal would allow the firm to attract more advisers.

M&G has reached a deal with Sandringham Financial Partners to acquire the Huddersfield-based IFA firm for an undisclosed sum.

Sandringham has more than 180 IFA partners as part of the firm who look after more than £2.5bn assets under advice for around 10,000 clients. Sandringham will sit within M&G's wealth division alongside its existing advice, platform and investment businesses once the deal completes, which is subject to regulatory approval.  M&G fund value improves but performance concerns persist M&G Wealth Management is made up of Ascentric - the adviser platform business it acquired last September from Royal London - along with its direct funds arm and two financial advice units, Prudential Financ...

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