Oakglen Wealth has received approval from the Financial Conduct Authority to acquire Aurea Financial Planning Ltd, according to a statement published by Oakglen Wealth. The deal stage is approved; the acquisition has not been described as completed.
The amount of the transaction was not disclosed in the sources.
Oakglen Wealth said the acquisition will strengthen its wealth management capabilities in the UK and broaden the expertise and services it can offer to clients as it continues to build its presence in the market. The firm described the approval as a milestone in its growth and development and said it looks forward to welcoming the Aurea team.
No further terms, advisers, closing date or financial details were provided in the sources.