The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Absolute Financial Group
Absolute Financial Group has announced that three additional firms have joined the group. The three firms – Padstone Financial Management, based in Hereford; Campton Financial Services based in Surrey; and Iceni Financial Advisers based in Norwich – add a further £255 million ($343 million) to Absolute’s assets under advice, bringing the group’s total AUA to £1.55 billion. 

All the offices and colleagues from the three firms will operate as part of Absolute, giving the growing organisation an expanded footprint across the East, South and West of England, the firm said in a statement.

Alpha Financial Markets Consulting
Alpha Financial Markets Consulting, a global provider of specialist consulting services to the financial services industry, has agreed to acquire JPSB Group, a specialist SimCorp-focused technology consulting and implementation firm. The transaction is expected to complete in the coming weeks, subject to customary closing conditions, the firm said in a statement.

The acquisition will strengthen Alpha’s capability in investment platform transformation, adding scaled SimCorp expertise and amplifying its ability to support clients across both advisory and delivery. Enhancing end-to-end capability across investment management enterprise platforms is a priority for the firm. Alpha is investing in strengthening its offering across all leading platforms and service providers, including developing tools that build on its existing accelerators to increase efficiency for both platforms and end clients.

This announcement comes ahead of the SimCorp Summit in Copenhagen next week, where Alpha will be engaging with clients and industry partners on the future of SimCorp-led transformation and broader investment platform evolution.

The transaction builds on Alpha’s investment in platform expertise. Following the acquisition of Bankside in 2024, which enhanced Alpha’s BlackRock Aladdin capability and data migration and integration expertise, the addition of JPSB will expand Alpha’s depth across SimCorp.