The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Marygold & Co. (UK) Limited
Marygold & Co. (UK) has completed its acquisition of Tiger Financial & Asset Management Limited, a UK-based investment advisor.
Based in Boughton, Northampton, England, Tiger has approximately £42 million ($51 million) in assets under advice. The firm’s core business is managing clients’ financial wealth across a diverse product range, the company said in a statement.
Welcoming the deal, Matthew Parden, CEO of Marygold & Co., said: “The acquisition of Tiger is a very important first step for Marygold & Co. in the UK, giving us the initial regulatory licence to be able to grow and expand our advice services to new clients. We are hugely encouraged by the coming opportunity to leverage our highly transformative fintech capabilities within the UK financial advice market, which is ripe for change.”
“I am delighted that Tiger has become part of the Marygold Companies family and look forward to continuing to advise Tiger’s clients and maintain the high standards of service they have come to appreciate,” added Keith Halford, founder of Tiger, who, with his team, will remain with the company.
Marygold & Co. (UK) was formed in August 2021 to make acquisitions in the UK for its parent company in the US, The Marygold Companies. MGUK intends to leverage the proprietary fintech capabilities of TMC, currently in development, to provide wealth management services to UK clients through a combination of App-based functionality enriched by access to qualified financial advisors, the firm added.
The Marygold Companies is a diversified US global holding company founded in 1996. It has operating subsidiaries in financial services, food manufacturing, printing, security systems and beauty products with locations in New Zealand, Canada, the US and the UK.