US-OWNED MARYGOLD & CO ACQUIRES NORTHAMPTON-BASED ASSET MANAGEMENT

Fintech Marygold & Co has entered the UK financial advice market with the acquisition of Tiger Financial & Asset Management.

Tiger is based in Boughton, Northampton and its core business is managing clients’ financial wealth across a diverse product range. Tiger has approximately £42m in assets under advice. Keith Halford the founder of Tiger will remain with the business along with his team under the deal which has completed.

Keith Halford 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.”

Marygold & Co is part of The Marygold Companies Group. The US-based parent group is a holding company founded in 1996 with subsidiaries in financial services, food manufacturing, printing, security systems, and beauty products across the US, New Zealand, Canada and the UK. Its is a fintech with a specialism in digital banking. It intends to leverage its proprietary fintech capabilities to provide ‘bionic’ wealth management services to UK clients through a combination of app-based functionality which will be enriched by access to financial advisers.

CEO of Marygold & Co. (UK) Matthew Parden, 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.”

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