Financial services firm Curtis Banks has reached an agreement with rival Nucleus which could see the Bristol-headquartered business acquired for £242m.
Bosses at both firms said the deal would create a retirement-focused adviser platform with approximately £80bn of assets under administration.
Scottish financial advice group Nucleus has purchased Curtis Banks, a major self-invested personal pension provider (SIPP), through its wholly-owned subsidiary Nucleus Clyde Acquisition Limited or 'Bidco', incorporated last month.
