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Can Spacs conquer the world of wealth management?

Blank cheque vehicles can offer access to public markets at a crucial time for firms in the sector, but there are drawbacks aplenty

Are the latest Spac deals in the sector the start of a trend?
Are the latest Spac deals in the sector the start of a trend? Photo: Getty Images

While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for things to take off in the City.

One area that investors certainly have their eye on is the UK’s burgeoning wealth management space. The headwinds look to be set fair; the pandemic has led a new wave of investors – particularly younger ones – to take another look at their finances and look towards fund solutions in an era of continually-poor deposit account rates.

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