Amber River acquires majority stake in TAM Asset Management

AUM to grow by £650m

National IFA firm Amber River has acquired a majority stake in TAM Asset Management on undisclosed terms.

The acquisition is part of Amber River's strategy to expand its solutions for advisers and their clients, the firm said. TAM has just under £650m in assets under management and, under the M&A deal, its range of low-cost portfolios will be made available to the wider Amber River Group alongside the company's existing investment solutions currently used by its 13 regional hubs. Waystone Group completes acquisition of Link Fund Solutions Amber River said the asset manager will also continue to work with adviser businesses outside of the group following the acquisition. Amber River ...