Where wealth managers can rent an ‘entire back office'

Mergers this spring include Thurleigh with Ingenious; Tilney with Permira’s Bestinvest; SandAire with Lord North Street, UK Wealth Management with Ashcourt Rowan, Iveagh’s funds division with City Financial and Jupiter’s wealth business with Rathbones. Investment bankers scouting for fees say small firms cannot afford to develop the management systems preferred…