Carey Pensions, the SIPP firm bought out last year after being hit by a major court case, has been relaunched under a new name, Options.
STM Group raked in £2.7m in profits from its acquisition of Carey Pensions earlier this year in what it classed as a bargain purchase.
STM Group has revealed it will target UK-based SIPP operators and workplace maters trusts as its latest results showed profits remained stable at £4m.
Financial services firm STM has completed its £400,000 takeover of troubled SIPP provider Carey Pensions following the granting of FCA approval for the deal.
International SIPP provider STM Group has predicted it will boost profits this year despite a number of setbacks.
Police have ended their investigation into STM chief executive Alan Kentish, who was arrested in Gibraltar in October 2017, with no further action.
Cross-border financial firm STM, the owner of London & Colonial, is to acquire the majority of rival SIPP firm Carey Pensions for £400,000 as Carey prepares to tackle a major SIPPs court case.
International Sipp provider STM Group hopes relocating will allow it to be more “UK centric”, the firm’s interim results have revealed.
STM Group, the cross-border financial services group which offers an International SIPP, is planning to expand its senior staff as the firm seeks to grow through acquisition.
A skilled persons review has called for a raft of compliance and governance improvements at international SIPP and cross border financial services group STM which saw its chief executive arrested in Gibraltar last year.