Fast-growing Bristol-based wealth manager and Financial Planning firm Clifton Wealth Partnership has acquired seven Financial Planning firms in England and Wales for undisclosed amounts.
The acquisitions have added £500m AUM and 25 team members to Clifton.
The firms taken on range from one adviser to several and in each case the business owners are staying on as Financial Planners or will be working on a consultancy basis for two years to ensure a smooth client handover.
The new business are based across the country, with one from Essex, two from South Wales, two from Bristol, one from Nottingham, and one from London.
Acquired business name
About the firm
Capel Court Ltd
Based in Colchester, Essex, Capel Court Ltd has been established for more than 30 years and is headed up by planners Miles Moseley and Matthew Lammas. The firm looks after more than 300 family groups.
Financial Solutions Wales Ltd
Based in Llanelli in South Wales, Financial Solutions Wales was established in 2005 and is run by Jeremy Phelps. The firm looks after 300 family groups.
Davies Craddock Ltd
Also based in Llanelli, Financial Planner Stephen Fry has worked in financial services for 34 years.
Tailormade Financial Services Ltd
Bristol-based Tailormade Financial Services has been running since 2002, headed by Chris Wiggins. The firm looks after more than 100 family groups.
Absolute Financial Services LLP
Financial planners Adam Fearn and David Ryan have run Nottingham-based Absolute Financial Services Ltd since 2007 and have just less than 300 family groups.
London Private Wealth Ltd
Established in 2001, London Private Wealth is based in the UK capital and is responsible for more than 400 family groups. The business is run by Planners Thomas Richter and Rene Lans.
Clifton Wealth Partnership Portishead Ltd
Originally Pure Advanced Financial Planning before becoming an appointed representative (AR) for Clifton Wealth Partnership in early 2024. The business is still run by planners Alison Davis and Adrian James, and the firm looks after more than 200 family groups.
Anthony Carty, managing director, Clifton Wealth Partnership, said: “We’re so pleased to welcome each of these firms and their teams into the Clifton family.
"There should be no sugar-coating it, any integration and acquisition process requires hard work from everyone involved. That’s why we take great care to really listen to the needs of each individual business first, before putting tailored integration and resource plans in place.”
He said the team at Clifton has been working with each of the adviser businesses for different periods of time in the lead up to the final acquisitions, extending from eight months to several years, based on the firm’s individual needs.
Mr Carty said: “This process shouldn’t happen overnight and we believe it’s essential for the acquiring firm to have the technology and infrastructure in place to bring the businesses together effectively.”
Clifton Wealth Partnership is a Financial Planning and wealth management business formed in 1986 and is part of the Bristol-based Clifton Group, which has more than 12,000 clients, 120 employees and more than £2.5bn in assets under management. It has a 25-strong, Financial Planning team. The business has completed 13 acquisitions since 2019, 11 of which took place after July 2022.
Promote your vacancy to thousands of professionals on Financial Planning Jobs
Our specialist jobs service Financial Planning Jobs can help you reach nearly 12,000 financial professionals. You can set up an Employer Profile and post your job the same day on Financial Planning Jobs (terms apply). Dozens of Financial Planning and Paraplanning firms have used our affordable service to recruit new talent.