Managed Accounts Holdings Limited has completed its acquisition of Linear Financial Holdings after raising $34 million from investors, and will now start its integration process.
According to Managed Accounts, the merger will be providing non-unitised solutions to IFAs, wealth managers and investment managers, which are continuously restructuring to offer transparency via non-unitised structures.
Managed Accounts executive chairman Don Sharp said, “We now look forward to working together to create a business we and our clients can be proud of.”
The integration will be supervised by Managed Accounts chief executive David Heather. Mr Heather also said that the completion of this merger is an endorsement of the growth potential of the combined entities.
“We look forward to integrating the businesses, working with existing clients to maximise use of our capability and meeting the needs of new clients,” Mr Heather added.
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