UK private equity firm Duke Street has acquired investment advisor UK Wealth Management.
The company, which currently manages £1.4bn of assets, was formerly known as Yorkshire Investment Group, and provides investment and tax advisory services to high net worth individuals, as well as providing employee benefits advice to businesses.
The ageing of the UK population may provide increasing demand for retirement and pension advisory services, and the firm is looking to become one of the largest independent financial advisors (IFAs) in the sector.
Last august, Duke Street invested in newly-formed French education company EduServices, which it is to use as a platform to consolidate the French private post-secondary education market.
Copyright © 2011 AltAssets