Curtis Banks Group PLC Purchase of Hargreave Hale SIPP book
December 11 2018 - 1:01AM
RNS Non-Regulatory
TIDMCBP
Curtis Banks Group PLC
11 December 2018
11 December 2018
RNS Reach
Curtis Banks Group plc
("Curtis Banks", the "Group")
Curtis Banks completes purchase of Hargreave Hale SIPP book
Curtis Banks, one of the UK's largest independent SIPP
operators, has completed the purchase of wealth manager Hargreave
Hale's book of SIPPs.
The purchase comprises around 600 SIPPs investing in assets
valued around GBP180 million. Hargreave Hale will continue to
actively manage the invested assets and Curtis Banks will now be
responsible for the professional administration of the SIPPs. The
sale marks the tenth asset purchase by Curtis Banks since the
company was founded in 2009.
Rupert Curtis, Group CEO, says:
"This book of SIPPs from Hargreave Hale is a good fit for our
business model and the clients will benefit from the high quality,
service-led proposition that we provide. Having carefully taken the
time to integrate Suffolk Life, our largest acquisition to date,
we're able to explore further opportunities to add scale and expand
our offering to greater numbers of clients."
Will Self, incoming Curtis Banks Group CEO from January 2019,
says:
"Investing to add high quality assets is a core component of our
future growth strategy. We also see great potential for improving
organic growth, by better meeting the needs of advisers and their
clients, and we'll soon launch a new SIPP product to market. We're
targeting an increased rate of growth in 2019."
For more information:
Curtis Banks Group plc www.curtisbanks.co.uk
Rupert Curtis - Chief Executive Officer +44 (0) 117 9107910
Paul Tarran - Chief Financial Officer
Will Self - Deputy Chief Executive Officer
Camarco +44 (0) 20 3757 4984
Ed Gascoigne-Pees
Hazel Stevenson
Jane Glover
Notes to Editors:
Curtis Banks administers over 77,000 Self-Invested Pension
Schemes, principally SIPPs and SSASs. The Group commenced trading
in 2009 and has successfully developed, through a combination of
organic growth and acquisitions, into one of the largest UK
providers of these products. The Group currently employs
approximately 570 staff in its head office in Bristol and regional
offices in Ipswich and Dundee.
For more information - www.curtisbanks.co.uk
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END
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