IFA firm Lighthouse has entered into a strategic alliance with insurance and employee benefits specialist Personal Group Holdings.
The deal will allow Lighthouse access to the corporate workplace, while providing Personal Group with access to an additional range of regulated products, said the two companies.
As part of the deal, Personal Group has acquired two million new ordinary shares in Lighthouse, equivalent to a 5.09% holding in the company.
The net proceeds will be used to support the implementation of the alliance, said Lighthouse.
