Marygold & Co announces completion of acquisition of UK investment adviser

Marygold & Co. (UK) Limited has announced completion of its acquisition of Step-By-Step Financial Planners Limited, (“SBS”) a UK based investment adviser. 

Based in Rugeley, Staffordshire, England, SBS has approximately £27 million in assets under advice. The firm’s core business is managing clients’ financial wealth across a diverse product range. 

Matthew Parden, CEO of Marygold & Co. (UK) Limited, said, “The acquisition of SBS is a very important deal for Marygold & Co. in the UK, in line with our strategy of building and developing digital channels for savings and investments. We see here, an opportunity to leverage our highly transformative fintech capabilities within the UK and help address the recognised advice gap faced by too many consumers. SBS brings a client base, a valuable infrastructure, and additional staff to help us grow and expand our traditional advice services to new clients. 

“I am delighted that Step-By-Step Financial Planners Ltd has become an integral part of the Marygold Companies’ family and I look forward to maintaining my relationship with our existing and very much valued clients by continuing to advise them and to maintain the high standards of service they have come to appreciate,” said Kevin Pratt, founder of Step-By-Step, who with his team will continue to work with the company. 

The acquisition is the second for Marygold & Co (UK), following on from its first in 2022 of Tiger Financial & Asset Management Limited.