Ascent Wealth Management- withdrawal from the proposed merger with Adrians Group- Business as Usual
Just a quick note to advise that we withdrew from the sale and merger of our practice late last week. We are now returning to "business as usual" under our current licencing with Alliance Wealth.
Over the course of last week, it became clear that key elements of the proposition offered by Adrians were not going to be delivered on our integration into that business. I then took the decision to withdraw from the transaction as I believed that proceeding would not have been in the interests of clients, my team or my family.
Naturally, having travelled so far down the path toward this merger, there will be a number of operational functions that we need to reinstate; please be assured that our services will continue unimpeded while we attend to the administration changes behind the scenes.
While it goes without saying that we are all disappointed that the merger will no longer proceed, I really believe we have better capacity to deliver our services to you on our own, rather then to proceed with a flawed merger proposition. If you would like further information or have any questions, please call us.
All the best
Steve Nielsen
