TLT has advised Wealth Club, an investment service for high net worth and experienced investors, on its acquisition of execution-only discount broker Clubfinance. The deal will form what is believed to be the UK’s largest investment platform of its kind.
Clubfinance offers enterprise investment scheme (EIS), venture capital trust (VCT), investment, pension and stock-broking intermediation services. The acquisition supports Wealth Club’s aim of creating the leading specialist broking platform for tax-advantaged investment.
Corporate partner Jon Gill led the TLT team, supported by corporate associate Adam Kean and trainee solicitor Sophie Hayward. Regulatory advice was also provided by Noline Matemara and Patrick Shee of TLT’s specialist financial services team.