AJ Bell, a UK-based provider of online investment platforms, has agreed to acquire a London-based investment management business to launch a range of low cost passive funds to advisors.
The acquired business has two distinct parts comprised of three companies. The deal is currently subject to FCA approval.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The first part includes Indexx Markets Limited, which designs investment products, and its subsidiary, Allium Capital, which operates a range of multi-asset funds, named the FP Allium DRP funds.
The second part of the firm that has been acquired includes Mansard Capital, which provides investment management services to Allium funds.
The purchase will add investment management services to AJ Bell’s existing offering; giving the company discretionary permissions, as well as the ability, to launch their own funds and create new investment solutions for financial advisors.
The new businesses will be led by Alex Dymock, head of investments at AJ Bell, who will report to chief executive Andy Bell.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThrough this deal, AJ Bell will also be able to deliver a low-cost range of passive funds to the advisor market as well as a model portfolio service based around passive funds.
An AJ Bell spokesman said: "Through this vertical integration we will be able to increase the value we deliver to financial advisers. We will work with financial advisers to build solutions they need to service their client’s needs.
"Although early days our initial intention is to offer a no-nonsense, low cost range of passive funds to the adviser market along with a model portfolio service based around passive funds."
