Britain’s M&G to buy financial advice firm Continuum

Industry: Financial services    2022-08-04

British asset manager and insurer M&G said it would acquire financial advice provider Continuum, as it looks to beef up its wealth business that provides insights, tools, and data to finance professionals.

M&G said it is taking an initial 49.9% stake in the business this year with a scheduled agreement to acquire the remainder over the next two years.

The deal’s financial terms were not disclosed.

Source: Reuters.com