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Jupiter buying Merian...and sensibly not paying up
I have been kicking around the fund and wealth management industry for more than a couple of decades now and have seen plenty of business launches, deals and consolidation. The big trend at the moment - and frankly of the last little while - has been consolidation. Call it driven by cost-cutting potential, distribution realities, Mifid-II influences or the impact of the rise of passive/robo investments on the level of fees that can be charged. Anyhow, what strikes me as insightful is the price these deals are being struck at…
- By Chris Bailey
- 2020-02-17 09:30:49