AJ Bell buys financial publisher
MANCHESTER pensions provider AJ Bell has acquired London-based financial publishing business MSM Media.
It produces a weekly magazine called Shares and has a number of online services, including MoneyAM, StockMarketWire and Brokerforecasts. The value of the deal was not disclosed.
MSM will continue to be run by its existing senior management, led by chief executive David Motum.
Charles Galbraith, managing director of AJ Bell Securities, will be appointed non-executive chairman of the MSM board.
AJ Bell said it will be run as a separate business, with full editorial independence.
David Motum, chief executive of MSM said: “Content is becoming a key differentiator for investment platforms and our ability to generate specialist financial content will help to complement AJ Bell’s propositions in the platform space.”
Earlier this month AJ Bell said annual profits had risen 39% to £26.5m on revenue of £51.8m, up 25%.
