A summary of the principal M&A deals involving the industry in January. Several deals that were in the works late last year were completed as the New Year began. The Tiedemann/Alvarium combination was the largest by assets.

France-based Indosuez Wealth Management acquired 70 per cent of Wealth Dynamix, the London-based fintech founded in 2012 which provides client lifecycle management solutions to private banks, wealth management and asset management firms. The financial size of the stake was not disclosed. The firm’s majority stake deal extends the collaboration initiated in 2019 between Indosuez, its subsidiary Azqore, which specialises in outsourcing information systems and processing banking operations for private banking and wealth management players, and Wealth Dynamix.

FNZ, the global wealth management platform, agreed to acquire YieldX, a US-based provider of fixed income portfolio management technology, optimisation services and direct indexing tools for the wealth sector. The financial terms of the acquisition were not disclosed. Founded by Adam Green and Steve Gross in 2019, YieldX is based in Miami and has an office in New York. It services clients from top-tier wealth and asset managers, to B2C financial services and technology providers operating across the globe.

Saffery Champness, a provider of fiduciary services including estate planning, wealth protection, investment structuring and corporate services, completed its acquisition of Holdun Trust, following regulatory approval from the Cayman Islands Monetary Authority. The combined business operates as Saffery Trust (Cayman) Limited.

The boards of directors of Nucleus Clyde Acquisition, a wholly-owned subsidiary of Nucleus Financial Platforms, agreed a recommended cash acquisition of Curtis Banks Group. Under the terms of the acquisition, Curtis Banks shareholders will receive 350 pence in cash for each Curtis Banks share, a 32.1 per cent premium to the closing price before the offer period starts, representing a total equity value for Curtis Banks of approximately £242 million ($289 million) on a fully-diluted basis. The transaction creates a retirement-focused advisor platform with approximately £80 billion of assets under administration.

Tiedemann Group, the US-based multi-family office, wrapped up its acquisition – first announced in 2021 – of London’s Alvarium Investments, having finally won shareholder approval in November 2022. The combined company operates as Alvarium Tiedemann Holdings.