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Curtis Banks

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Curtis Banks Group PLC
Company typePublic limited company
Founded2009; 15 years ago (2009)[1]
Founder
  • Rupert Curtis
  • Chris Banks
Key people
  • Jane Ridgley (COO)
  • Dan Cowland (CFO)
Revenue
  • Increase GBP£63.3 million (2021)
  • GBP£53.9 million (2020)
Owner
  • Nucleus Financial Platforms (2023–present)
Number of employees
Increase600[2]
Websitecurtisbanks.co.uk

Curtis Banks is a financial services company based in Bristol, United Kingdom.

Founded in 2009, it is one of the UK's largest independent providers of Self Invested Personal Pension schemes (SIPP) and Small Self Administered Pension Schemes (SSAS) with over £37.4bn of assets under administration.[3] The company holds offices in Bristol, Dundee, and Ipswich.[2]

Since its inception, Curtis Banks is said to have shown "a willingness to take over existing SIPPs",[1] first by acquiring Montpelier Pension Administration Services for £399,999 in May 2011 and then the full SIPP business from Alliance Trust Savings[4] for £7m[5] in January 2013.[6] After the ATS deal, it set up an office in Dundee's City House with around 40 members of staff brought over from Alliance Trust.[2]

In January 2019, it launched its new 'Your Future SIPP', a fully digital product replacing its historical SIPP offerings.[7] On 23 July 2020, Curtis announced agreements to acquire the SIPP and SSAS operator Talbot and Muir for a total consideration of up to £25.25m, and financial technology provider Dunstan Thomas for a total consideration of up to £27.5m. [8]

On September 26, 2023, Nucleus Financial Platforms completed the acquisition of Curtis Banks.[9]

References

[edit]
  1. ^ a b "Curtis Banks". Archived from the original on 15 July 2014. Retrieved 14 July 2014.
  2. ^ a b c "Curtis Banks Interim Results for 6 months to 30 June 2019" (PDF). Curtis Banks. 4 September 2019. Retrieved 5 September 2019.[permanent dead link‍]
  3. ^ "Curtis Banks expects rising interest rates to boost performance". 31 March 2022.
  4. ^ "Platform focus: Alliance Trust Savings". Money Marketing. 19 June 2014. Retrieved 14 July 2014.
  5. ^ Selby, Tom (8 May 2014). "Curtis Banks reveals details of £7m ATS Sipp acquisition". Money Marketing. Archived from the original on 15 July 2014. Retrieved 14 July 2014.
  6. ^ Robins, William (19 October 2012). "Curtis Banks buys £3bn Alliance Trust Sipp business". New Model Adviser. Archived from the original on 16 July 2014. Retrieved 14 July 2014.
  7. ^ Turton, Jennifer (22 January 2019). "FT Adviser". FT Adviser.
  8. ^ "Curtis Banks buys rival and supplier for £53m". ftadviser. 23 July 2020. Archived from the original on 2020-07-24. Retrieved 21 September 2020.
  9. ^ "Nucleus completes acquisition of Curtis Banks 8 months after cash buyout". Money Marketing. 26 September 2023. Retrieved 2023-10-05.
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