Isle of Man-based Manx Financial Group is a bank and a financial services provider. Manx was formerly known as Conister Trust and then Conister Financial. Conister Bank remains the core business of the group. A wealth management arm was set up at the end of 2009 and was enlarged through the acquisition in August 2010 of Isle of Man-based IFA Edgewater Associates for £2m in cash and shares. Conister Card Services is a sponsor to prepaid card issuers.