Marygold & Co. (UK) has completion of its acquisition of Tiger Financial & Asset Management adding £42m in assets under advice.
Tiger is based in Boughton, Northampton and its core business is managing clients' financial wealth across a diverse product range, the business said.
Marygold & Co. (UK) was formed in August 2021 to make acquisitions in the UK for its parent company in the US, The Marygold Companies (TMC).
It said its UK operations intended to leverage the proprietary fintech capabilities of TMC, currently in development, and "provide ‘bionic' wealth management services to UK clients through a combination of App-based functionality enriched by access to qualified financial advisers".
Matthew Parden, CEO of Marygold & Co. (UK) said of the firm first UK deal: "The acquisition of Tiger is a very important first step for Marygold & Co. in the UK, giving us the initial regulatory license to be able to grow and expand our advice services to new clients. We are hugely encouraged by the coming opportunity to leverage our highly transformative fintech capabilities within the UK financial advice market, which is ripe for change."
Keith Halford, founder of Tiger, who with his team, will remain with the company, said: "I am delighted that Tiger has become part of the Marygold Companies family and look forward to continuing to advise Tiger's clients and maintain the high standards of service they have come to appreciate."
