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UK's European Wealth Completes Acquisition, Lists On Stock Exchange

Stephen Little

8 May 2014

has completed the reverse acquisition of parent company European Wealth Management Group.

Following the announcement last month that it was acquiring European Wealth Management Group for £7.1 million ($12 million), the company has been renamed European Wealth Group Limited and will be listed on the London Stock Exchange, the firm said in a statement.

The group was co-founded four years ago by John Morton, Rod Gentry, and George Robb, a former founder and chairman of Aberdeen Asset Management, and has funds under management or influence of approximately £710 million and a market capitalisation of approximately £16.6 million (based on the closing mid price on 6 May 2014).

European Wealth has offices in London, Brighton, Cheltenham, Worcester, Wokingham and East Malling and provides both financial planning and investment management services through its two wholly-owned subsidiaries – European Investment Management, and European Financial Planning.