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Asset manager PXN Investments has been launched after the Financial Conduct Authority green lit a merger between Par Equity and Praetura Investments to create PXN Group.
The firm will specialise in supporting financial advisers with tax efficient and alternative investments.
This is set to include business relief qualifying investments, EIS and VCT.
Jon Prescott, partner at PXN Investments, said: “In recent years, advisers have had to navigate significant changes in tax policy and regulation, making long-term wealth planning more complex.
“We know they’re looking for more than just tax wrappers – they want robust and resilient investments that support growth, while also ensuring effective tax planning and portfolio diversification.
“With PXN Investments, we’re bringing all of that together in one cohesive platform.”
The asset manager will form part of PXN Group, which has a target to unlock £1bn in funding for high growth companies across the North of the UK by 2030.
Prescott added: “The merger is more than pooling resources – we’re positioning ourselves to scale.
“We’re combining specialist insight, long-term capital and a deep belief in the UK’s regional potential. For advisers, it means more tailored support and access to best-in-class tax-efficient investments – all from a single, unified group.”
PXN Investments will continue to provide a range of adviser-focused solutions, including the Praetura Inheritance Tax Planning Service and the Par EIS.
The Praetura Growth VCT is due to relaunch to investors in the coming weeks.
PXN Group will keep its offices in Manchester, Edinburgh, Leeds and London, and there are not expected to be changes to regulated entities or existing adviser relationships.
tara.o’connor@ft.com
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