Craven Street Wealth has bought south-east based Pharon Independent Financial Advisers for an undisclosed sum.
The combined businesses now support more than 5,800 clients and advise on around £2.90bn of assets.
Found in 2019, Craven Street Wealth has now integrated six firms into the business.
In March this year, the firm was bought by the Quanta Group, which comprises the Wealthtime and Wealthtime Classic platforms and DFM Copia Capital.
This latest deal between Craven Street Wealth and Pharon will take the group’s assets under advice to around £16.75bn with more than 86,000 clients.
Patrick Mill, chief executive of the Quanta Group, said: “This acquisition demonstrates the next phase of growth for Quanta, building a market-leading national wealth management group with independence, advice quality and client outcomes at its core.”
As part of the deal, Pharon’s leadership team, including managing director and chartered financial planner, Nick O’Shea, will join the Craven Street Wealth management team.
Tom Barnett, managing director of Craven Street Wealth, said: “Pharon is a highly respected firm with deep roots in its community and a reputation for quality financial planning over more than 50 years.
“By bringing together two highly regarded independent advisory businesses, we are strengthening our ability to deliver exceptional service to clients today and long into the future.”
Both Craven Street Wealth and Pharon were ranked within the top 20 of the FT Adviser Top 100 for 2025.
alina.khan@ft.com
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