M&G PLC M&G plc to acquire Sandringham Financial Partners (0204J)
18 Agosto 2021 - 9:00AM
UK Regulatory
TIDMMNG
RNS Number : 0204J
M&G PLC
18 August 2021
M&G plc NEWS RELEASE
18 August 2021
M&G plc to acquire Sandringham Financial Partners
M&G announces today an agreement to acquire Sandringham
Financial Partners, a fast-growing provider of independent
financial advice.
The acquisition will bring more than GBP2.5 billion of assets
under advice to M&G plc, as well as relationships with around
180 advising Partners acting on behalf of over 10,000 individual
clients.
John Foley, Chief Executive of M&G plc, says: "This deal
strengthens M&G Wealth's position in the UK savings and
investment market, complementing our existing network of advisers
and many clients and direct customers with a well-established
national Independent Financial Adviser business.
"Sandringham will accelerate our ability to grow and build our
advisory capability across the UK and to provide a wider range of
investment solutions to more clients."
M&G Wealth was formed in September 2020 as a powerful new
force in the fast growing market for UK wealth management services.
On completion Sandringham will sit within M&G Wealth alongside
its existing advice, platform and investment businesses.
The deal is subject to regulatory approval.
-ENDS-
Media
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Scott White +44 (0)7980 70971 Scott.White1@mandg.com
Sophie Redburn +44 (0)20 8162 6300 Sophie.Redburn@prudential.co.uk
Notes to Editors
About M&G plc
M&G plc is an international savings and investments
business, managing money for around 5 million retail customers and
more than 800 institutional clients in 28 markets. As at 30 June
2021, we had GBP370 billion of assets under management and
administration.
With a heritage dating back more than 170 years, M&G plc has
a long history of innovation in savings and investments, combining
asset management and insurance expertise to offer a wide range of
solutions. We serve our savings and insurance customers under the
Prudential brand in the UK and Europe and for asset management in
South Africa, and under the M&G Investments brand for asset
management clients globally.
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END
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