Last year, PXN Investments was launched following the merger between Par Equity and Praetura Investments. PXN Investments formed part of PXN Group, which is aiming to reach £1bn in funding for high growth companies across the North of the UK by 2030.
Last month, we welcomed PXN Group’s Caroline Flagg onto a Tax-Efficient Investment (TEI) special edition of IFA Talk. Caroline, who is Deputy Managing Director of the PXN Investments retail business, joined us to discuss the merger, along with sharing her insights on Business Relief and Inheritance Tax relief.
In this article, we’re going to be taking a look back at our podcast with Caroline, focusing on the merger of Par Equity and Praetura Investments and what it means for the industry.
Caroline explained that the merger has seen them bring two businesses together under one umbrella, with the intention of focusing on venture investing, business relief and estate planning. Her role sees her run the retail division of the business.
“This involves dealing with strategic partnerships and wealth managers. I help the team go out to financial advisers and assist them in helping their clients to provide tax-efficient solutions.”
Caroline Flagg
What has changed for clients
PXN Group is the new brand for both Par Equity and Praetura Investments and the venture business, but Caroline noted that for clients, very little has changed in their day-to-day experiences.
“The team from both of the businesses are the same, the investment philosophy is the same, and the way that we make investment decisions is the same as it was before.”
Caroline Flagg
PXN Group now have broader capabilities under one umbrella, with four offices across England and Scotland. PXN Group’s offices can be found in Manchester, Leeds, Edinburgh, and London.
Focus on the north
Advisers working with PXN have access to a more complete suite of solutions, ranging from their business relief service which operates in the private credit space, through to their EIS and venture capital trusts, which have focused on the North of England.
Caroline noted that the unity is about building something more substantial in the venture space, as they have always believed that the northern economy is full of exceptional businesses that are greatly under-served.
“The merger has strengthened our conviction in that space, and our capacity to act on it. But ultimately, for clients and for advisers, clarity matters.”
Caroline Flagg
The merger gives clients the same trusted people, but as part of a company who can now function on a greater scale, with a stronger platform to build from.
Listen to the full episode on our website here, or by heading over to Spotify, Apple Podcasts, and Amazon!
