It is the third deal in three months for Hoxton and pushes its AUM to £1.6bn, a 30% increase in one year, Hoxton says.

In April, Hoxton, which has offices in the UK, UAE, USA, Australia, South Africa and in Europe, added more than 380 clients with the acquisition of two UK-based Financial Planning firms. It acquired £80m AUM Dudley-based Alpha Financial Services and Guildford-based Bartholomew Financial Planning.

The latest deal will allow one of the owners Tony Devine, a Chartered Financial Planner and Chartered Accountant, to retire.

Hoxton Capital Management was founded in the UAE in April 2018 by British expatriate, Chris Ball, formerly of deVere Group. It now employs 300 staff worldwide with offices in the UK, UAE, USA, Australia and South Africa.

Devine has offices in the City of London and Southend. The firm is mostly focused on retirement, pensions and investments advice, especially in pension income drawdown, taxation advice and managing client funds within pension, ISA and general investment portfolios. 

Thomas Maddison, acquisitions director at Hoxton Capital Management, said: “We are delighted to announce the acquisition of Devine Financial Management, marking our third strategic acquisition this year, and taking Hoxton to over £1.6 billion of Assets Under Management.

“The company has a reputation for delivering exemplary holistic financial advice, serving professional clients across the South-East. This acquisition significantly enhances our local presence throughout the South, providing a robust foothold for our continued growth.”