News blog

WH Ireland

• BY: Andrew Hore |
• POSTED: 18/02/2013 |

Aim adviser WH Ireland is acquiring the private wealth management operations of Seymour Pierce for £25,000. 

Cantor Fitzgerald has already acquired broking and corporate finance assets from Seymour Pierce, which is in administration under the name Tenebris Realisations.

WH Ireland is buying the client list and around £270m of funds under management - equivalent to a 15% increase in the assets under the management of WH Ireland. The London-based business made a £200,000 profit in the year to September 2012.

The transaction should be earnings enhancing in the current financial year.

At 61p a share, WH Ireland is valued at £14.4m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2013_41.pdf