Earlier this year (February 19) it bought the Sipp business and certain assets of Guinness Mahon for an undisclosed sum, involving 4,000 Sipps with a total investment value of £300m.
In September 2019 Berkeley Burke’s administrators announced that the Sipp arm of the business would be sold out of administration in a pre-pack deal with Hartley Pensions.
This came after Hartley bought the £130m client book of GPC Sipp in August, which entered into administration after it was embroiled in hundreds of customer claims.
Meanwhile, Mattioli Woods has acquired Hurley Partners in a deal which is expected to complete later this month.
But Curtis Banks is not looking to consolidate any small firms in the near future.
Mr Self said: “There will be some Sipp providers out there that do not have the critical mass to deal with the cost of regulation and business and this will lead to a lot of smaller Sipp firm consolidation.
“We are not hugely interested in these smaller firms, partly because they are a bit too small and the cost of taking on a small book isn’t economically beneficial for us.
“We are also keen to make sure our book remains full of quality assets rather than a high proportion of non standard assets.
“There will always be some consolidation that we are not interested in.”
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