Advice and wealth management firm, Hoxton Wealth, has bought Manchester-based Haven IFA.
The deal aims to build on the firm’s existing North East footprint and adds around £140mn in assets to the Hoxton Wealth business.
Hoxton Wealth revenue director, Oliver Gorman, said: “Manchester is a magnet for talent and enterprise. Establishing a base there is strategically important for our clients and our growth.
“Haven IFA is a high-calibre team with shared values: client-first planning, local roots and professional excellence.”
Of Haven’s four advisers, two will join Hoxton Wealth and the other two will retire.
Meanwhile, Haven’s administration team will also become part of Hoxton Wealth, ensuring continuity for clients and colleagues.
Haven said elevating its technology suite would unlock better client experiences, but it required significant investment and focus.
As a result, Hoxton will aim to bring a modern, scalable tech platform which will include planning tools to digitise client servicing, clearer reporting, and faster responses.
Hoxton Wealth CEO, Chris Ball, said: “Over more than 21 years, Haven’s chartered financial planners, including former directors, have built a solid, trusted business serving clients across Greater Manchester.
“After being introduced in the spring, we quickly found alignment.
“Haven had engaged with several suitors but prioritised a partner that would protect continuity for local clients and advisers, retain its North West — base with genuine financial planning at its core, and offer long-term stability and opportunity for their people.”
tom.dunstan@ft.com
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