News blog

Merchant Securities

  • BY: Andrew Hore |
  • POSTED: 10/02/2011 |

Aim adviser and wealth manager Merchant Securities has acquired GT Independent Financial Advisers for an initial £2m in cash and shares.

This acquisition will more than double Merchant’s assets under advisory and discretionary management to £485m.

Up to £1m more could become payable – up to 50% could be in shares – depending on the achievement of revenue targets for management fee income. GT, which has 3,300 private clients, generated revenues of £1.25m in the year to May 2010. It made a profit of £280,000.

At 23.5p a share, Merchant is valued at £11m.

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds