Platform One has announced its acquisition of the operation of more than £1bn self-invested personal pension (SIPP) assets currently administered by Gaudi.

The deal also includes the acquisition of Gaudi Trustees. With this acquisition, Platform One will acquire Gaudi’s staff, which will allow the company to launch its own on-platform SIPP.

Platform One’s CEO, Alex Cowan-Sanluis, said, “With the upcoming launch of our new SIPP, we will deliver a more rounded proposition for our IFA customers and their clients.” The company confirmed that it has gained permissions to run a SIPP alongside the deal and hopes to “offer a more holistic offering to its IFA users and their clients”.

The acquisition of Gaudi will also see the company rebranded to Platform One in the future. The acquisition will bring the company’s assets under administration and technology to £2.7bn.

“We are excited to plug our SIPP into Platform One technology and become part of a more holistic, technology-based offering,” said Gaudi head of implementation Adam Burwell. “The shape of this acquisition also means we can continue to offer our existing clients a wider service without interruption.”

The move marks a significant step for Platform One, as it seeks to expand its offering and provide a more comprehensive service to its clients. The acquisition of Gaudi’s assets and staff will enable the company to offer a more holistic service and launch its own on-platform SIPP.

Platform One’s CEO, Alex Cowan-Sanluis, added, “We are delighted to welcome Gaudi into the Platform One family. We look forward to working together to deliver a market-leading proposition to our clients.” The acquisition is subject to regulatory approval, and further details will be provided in due course.

At Platform One, a team of both technologists and industry experts come together to provide an exceptional experience. The unique combination of being a regulated platform provider and a technology company allows for more flexibility, robust security, and access to a broader range of features for financial advisers and other companies in the wealth management industry.

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