Saunderson House

Investment firm and wealth manager Rathbone Brothers has acquired James Hay-owned Financial Planner Saunderson House for £150m.

Private equity firm Epiris has completed the acquisition of James Hay and Saunderson House parent company IFG Group.

The FCA has approved the £206m private equity firm takeover of IFG Group, parent company of SIPP and platform provider James Hay.

City-based private equity firm Epiris is set to buy IFG Group - owner of Sipp and platform provider James Hay - for £206m.

Financial Planner and wealth manager Saunderson House has parted company with its investment director Chris Sexton after 14 years.

IFG’s James Hay Sipp and platform business had a good half year with ‘robust’ performance.

The sale of IFA Saunderson House has been abandoned by parent company IFG Group, parent company of SIPPs firm James Hay.

IFG Group, the owners of SIPP company James Hay Partnership, has announced a £400,000 loss in the last year, compared to profits of £6.4m for 2016.

SIPP and platform provider James Hay has seen revenues drop by £1.4m, in disappointing results for the first half of the year.

IFG, the parent company of Sipps specialist James Hay, has rejected a conditional bid offer.

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