French advisory firm expands into UK market with full buyout, targeting €5bn in assets under management by 2030.
Groupe Allen, a French wealth advisory group, has completed a 100% buyout of Altyx Financial Planning, a London-based firm specializing in cross-border wealth management for French nationals in the UK. The deal includes Altyx Corporate, which advises on pensions and employee benefits, though financial terms were not disclosed.
The acquisition marks the first entry into the UK market by an independent French wealth manager and aligns with Groupe Allen’s broader European expansion strategy. The group previously expanded in the Benelux region and views the UK as a key growth market, with further deals expected within 12 months.
Groupe Allen founder Sandrine Genet said the UK could account for 10-15% of total assets under management by 2030, targeting approximately €5bn in AUM. The move is framed as an offensive strategy to capitalize on rising cross-border wealth management demand.