Curtis Banks Group PLC Purchase of Hargreave Hale SIPP book

TIDMCBP

Curtis Banks Group PLC

11 December 2018

11 December 2018

RNS Reach

Curtis Banks Group plc

("Curtis Banks", the "Group")

Curtis Banks completes purchase of Hargreave Hale SIPP book

Curtis Banks, one of the UK's largest independent SIPP operators, has completed the purchase of wealth manager Hargreave Hale's book of SIPPs.

The purchase comprises around 600 SIPPs investing in assets valued around GBP180 million. Hargreave Hale will continue to actively manage the invested assets and Curtis Banks will now be responsible for the professional administration of the SIPPs. The sale marks the tenth asset purchase by Curtis Banks since the company was founded in 2009.

Rupert Curtis, Group CEO, says:

"This book of SIPPs from Hargreave Hale is a good fit for our business model and the clients will benefit from the high quality, service-led proposition that we provide. Having carefully taken the time to integrate Suffolk Life, our largest acquisition to date, we're able to explore further opportunities to add scale and expand our offering to greater numbers of clients."

Will Self, incoming Curtis Banks Group CEO from January 2019, says:

"Investing to add high quality assets is a core component of our future growth strategy. We also see great potential for improving organic growth, by better meeting the needs of advisers and their clients, and we'll soon launch a new SIPP product to market. We're targeting an increased rate of growth in 2019."

For more information:

 
 Curtis Banks Group plc                        www.curtisbanks.co.uk 
 Rupert Curtis - Chief Executive Officer       [phone] 
 Paul Tarran - Chief Financial Officer 
 Will Self - Deputy Chief Executive Officer 
 
 Camarco                                       [phone] 
 Ed Gascoigne-Pees 
 Hazel Stevenson 
 Jane Glover 
 

Notes to Editors:

Curtis Banks administers over 77,000 Self-Invested Pension Schemes, principally SIPPs and SSASs. The Group commenced trading in 2009 and has successfully developed, through a combination of organic growth and acquisitions, into one of the largest UK providers of these products. The Group currently employs approximately 570 staff in its head office in Bristol and regional offices in Ipswich and Dundee.

For more information - www.curtisbanks.co.uk

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December 11, 2018 02:01 ET (07:01 GMT)