Irish financial services firm IFG Group has abandoned its plans to divest one its core business units, Saunderson House.
Saunderson House offers financial planning and investment management service to high net-worth individuals, charities and trusts.
IFG said that it secured multiple non-binding indicative offers for Saunderson House in line with market expectations.
The company has assessed the offers in detail, including with the board of Saunderson House, and concluded that the offers were not aligned with the strategy of the business, as well as not in the best interests of shareholders of IFG.
At present, IFG is focusing on continuing the development of the business, and placing short and long-term retention arrangements for the senior management and employees of Saunderson House.
Following arrangements, the firm will also provide a retention award of £1.5m for 2018 and 2019 financial years.
Saunderson House, which is authorised and regulated by the Financial Conduct Authority, provides investment services, cash flow planning and pension planning services.
The firm’s investment process is based on macroeconomic research, and active asset allocation and fund selection.
The clients can access Saunderson’s investment management service on either an advisory or discretionary basis.
Both services are offered based on the research carried out by qualified investment research team, which analyzes global economic environment, scrutinizes asset valuations and selects expert fund managers.
The cash flow planning service will help to clarify future financial situation and achieve financial goals.
Saunderson’s in-house cash flow forecasting model will assess the impact of variables such as inflation, investment market movements, tax and interest rates.
Its pension planning service will review existing pension arrangements and maximize the benefits by constructing a suitable plan as per the client’s requirements.
Saunderson House also offers services such as non-pension investing and estate planning. It maintains a professional network to ensure better financial service for the customers.
Image: Saunderson House provides financial planning and investment management service to high net-worth individuals, charities and trusts. Photo: courtesy of aoo3771 / FreeDigitalPhotos.net.
References
- ^ BBR Staff Writer (riskmanagement.banking-business-review.com)
