A subsidiary of US-based The Marygold Companies has purchased a UK investment adviser.
Marygold & Co was formed in August 2021 to make acquisitions in the UK for its parent company TMC.
The firm said MGUK will use the fintech capabilities of TMC, currently in development, and provide wealth management services to UK clients through app-based functionality, expanded further by access to qualified financial advisers.
MGUK has now purchased Northampton-based adviser Tiger Financial & Asset Management.
Located in Boughton, England, Tiger Financial & Asset Management has approximately £42mn in assets under advice.
The firm is an IFA and said its core business is managing clients’ financial wealth across a diverse product range.
Marigold & Co chief executive officer Matthew Parden, said, “The acquisition of Tiger is a very important first step for Marygold & Co in the UK, giving us the initial regulatory license to be able to grow and expand our advice services to new clients.
“We are hugely encouraged by the coming opportunity to leverage our highly transformative fintech capabilities within the UK financial advice market, which is ripe for change.”
Tiger Financial & Asset Management founder Keith Halford, added: “I am delighted that Tiger has become part of the Marygold Companies family and look forward to continuing to advise Tiger’s clients and maintain the high standards of service they have come to appreciate.”
sonia.rach@ft.com
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