Fintech Marygold & Co has entered the UK financial advisory market with the acquisition of Tiger Financial & Asset Management, for an undisclosed sum.
Tiger has approximately £42m in assets under advisory.
The investment advisory specialist is based in Boughton, Northampton.
It offers wealth management, pension advice, protection and savings and investment advice services.
Founder Keith Halford and his team will all remain with the company as part of the deal that has been reached.
Mr. Halford said, “I am delighted that Tiger is now part of the Marygold Companies family and I look forward to continuing to advise Tiger’s customers and maintaining the high standards of service they have come to appreciate.
Marygold & Co is a fintech specializing in digital banking. It intends to leverage its proprietary fintech capabilities to provide ‘bionic’ wealth management services to UK clients through a combination of app-based features that will be enhanced by access to financial advisers.
Matthew Parden, CEO of Marygold, said the UK financial advice market was ready for change.
He 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 develop and expand our advisory services to new clients. We are extremely encouraged by the upcoming opportunity to leverage our highly transformative fintech capabilities in the UK financial advice market, which is ripe for change.
Marygold & Co is part of the Marygold Companies group. The US-based parent group is a holding company founded in 1996 with subsidiaries in financial services, food manufacturing, printing, security systems and beauty products in the United States, New Zealand, Canada and the United Kingdom.