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

Nucleus, Curtis Banks
Edinburgh-based Nucleus Financial Platforms, a UK independent advisor platform, has completed its acquisition of the Bristol-based Curtis Banks Group. 

Bringing together Nucleus and Curtis Banks has created a retirement-focused advisor platform with about £80 billion ($97 billion) of assets under administration, the firm said in a statement. The firm works with almost 5,000 advisors serving a total client base of nearly 250,000 customers.  

“This is an important milestone for our business, creating one of the largest advisor platform groups in the UK with approximately £80 billion of assets under administration. It helps us to build on our position as a key player in the market, enabling us to continue to invest in the priorities of advisors, and deliver our purpose of helping make retirement more rewarding,” Richard Rowney, CEO of Nucleus, said.  

“We’ll ensure the transition to being part of the Nucleus Group is a smooth one for advisors and their clients, with minimal disruption,” Peter Docherty, interim CEO of Curtis Banks, added. 

For the immediate future, both businesses will continue to operate independently and there will be no change for advisors or customers of either business.