Assetco

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Asset and wealth management firm AssetCo, run by Martin Gilbert, has axed a controversial bonus scheme for its executives after strong criticism from shareholders. In September last year, the firm's remuneration committee began a review of the Long Term Incentive Plan (LTIP), in an announcement toda

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Asset and wealth management firm AssetCo, run by Martin Gilbert, has announced that it has reached an agreement to acquire the entire issued share capital of Edinburgh-based fund management business SVM Asset Management Holdings Limited for £10.7 million. The consideration will be satisfied by

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Asset and wealth management firm AssetCo has posted its 2022 half year report revealing revenues of £1.3 million. For the six months ended 31 March 2022, the firm announced a loss before taxation of £2.6m, compared to a profit of £22.3m for the same period in 2021, which AssetCo sa

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Asset & wealth management firm AssetCo has reached an agreement to acquire the entire issued share capital of Revera Asset Management Limited for an effective total consideration of £2.8 million. The consideration will be satisfied by the issue of 54,639 new ordinary shares of 10p each in

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Edinburgh-based asset & wealth management firm AssetCo has submitted an indicative non-binding securities exchange proposal to management and consulting company River and Mercantile Group PLC (RMG). The offer is for the entire issued and to be issued share capital of RMG that is not already owne

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Asset & wealth management firm AssetCo has announced the completion of the acquisition of a 30% equity interest in Parmenion, a discretionary investment manager and advisory platform for the wealth and financial planning sector. AssetCo announced that it had reached an agreement to purchase the

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Martin Gilbert is set to be awarded about £5 million worth of shares for nine months’ work as chairman at his new company, AssetCo. Deputy chairman Peter McKellar is set to receive around £4m worth of shares under the same allocation plan announced by the firm last week.

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Asset & wealth management firm AssetCo has appointed Lucy Draper as director of distribution. Ms Draper was previously director, business development – Middle East Africa at Standard Life Aberdeen (now abrdn) based in Abu Dhabi engaging with a mix of financial institutions in the region.

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AssetCo, the new asset management business launched by north east entrepreneur Martin Gilbert, has announced that it has reached an agreement with Preservation Capital Partners Limited to acquire effectively a 30% equity interest in Parmenion Capital Partners LLP. The consideration will be up to &po

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Accountancy firm Grant Thornton has ended a long-running legal battle over its failure to expose a fraud at a former client, AssetCo, leaving it facing a bill of £28.6 million. On Friday, the firm told fire-engine leasing service AssetCo, that it would not pursue a further appeal.

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