The deVere Group has finalised the acquisition of WPS Advisory, formerly trading as Priscum Direct, following its subsidiary UK Workplace Solutions gaining approval from the FCA.
Nigel Green, deVere Group founder and chief executive, said: “We’re understandably thrilled with this development.
“This latest group acquisition underscores deVere Group’s ongoing commitment to the UK and to investing in financial services firms that truly reflect a changing market, regulatory and legislative landscapes in Britain.
“I personally look forward to helping this forward-thinking, and game-changing company become successful in reaching even more people who are facing tough retirement choices.”
Simon Chrystal, Managing Director of Workplace Solutions, added: “Receiving the Approval Notice was the final piece in a jigsaw which will allow us to enhance our position, with WPS Advisory Limited becoming our single brand, as a leading provider of access to high quality, affordable, financial advice – primarily via the workplace.”
Workplace Solutions was founded, with investment from deVere Group, in January 2015.