The wealth manager Hoxton Wealth has bought expat services provider Infinity Financial Solutions, adding £225mn in assets under management.
This acquisition represents the first for Hoxton in Asia and is its largest to date.
The firm said its total AUM has risen to £2.5bn, a 105 per cent increase from the level recorded in April last year.
Hoxton Wealth CEO, Chris Ball, said: “So far, our acquisition strategy has focused on the UK domestic market, with the objective of growing our footprint and supporting existing business in the country.
“A lot of our clients are UK expats, so a strong presence in the UK builds confidence among those with ties to the country.
“Branching out across Asia is a huge step for us. We are very excited to begin connecting with new clients and partners in a region where we did not previously have a huge presence, but which has undoubtable opportunity for significant growth.”
Hoxton said Infinity caters to both individual clients and companies through its corporate division.
Infinity Financial Solutions managing director, Trevor Keidan, added: “We are delighted to have agreed the acquisition of the company by Hoxton Wealth.
“We believe this will further strengthen our presence in the Asia region, ultimately providing significant enhancements to our offering and providing clients with additional services from the experienced in-house team at Hoxton Wealth.
“Hoxton Wealth has invested significantly in technology, enabling it to provide traditional financial planning powered by the cutting edge technology and we are very excited to launch these services to Infinity clients.”
tom.dunstan@ft.com
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