Apollo merges with financial planner as firm appoints new chairman

Creates a firm with £450m AUM

Apollo Multi Asset Management has merged with financial planner Total Wealth Planning (TWP) to form a business with £450m in assets under management (AUM).

  The firm's two business units of asset management and wealth management will remain separate but will benefit from sharing technology, back office and operational capabilities. As part of the merger, co-founder of Intrinsic Financial Services and Bellpenny Kevin Ronaldson has joined the board as chairman. Based in Surrey, the new business will be called Apollo MAM Group with plans to grow to a firm with £2bn AUM. This was highlighted by Steve Brann (pictured), CIO and MD of Apollo in an interview with Investment Week in April, where he outlined plans to increase the number of ...