Momentum to Acquire YourWealth

May 12, 2014

On May 9, 2014, finextra.com reported that YourWealth.co.uk and its Money Hub technology will be acquired by Momentum UK, which is part of South Africa-based financial group MMI Holdings Ltd.


On May 9, 2014, finextra.com reported that YourWealth.co.uk and its Money Hub technology will be acquired by Momentum UK, subject to regulatory approval.  YourWealth and Money Hub offer access to information, products, and financial advice to individuals with £5 to £50 million.  Money Hub currently tracks approximately £1.74 billion in consumer assets for its registered users.  Momentum UK, which is part of South Africa-based financial group MMI Holdings Ltd., focuses on offering a range of investment solutions for clients in the UK and globally.  Financial terms of the transaction were not disclosed.

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Investment Manager M&A, Transactions