Manchester-based Financial Planner and wealth manager Suttons Independent Financial Advisors has acquired Wilmslow-based KSP Financial for an undisclosed amount.
KSP Financial advises clients across Cheshire and surrounding counties on pensions and retirement planning, Financial Planning, investments and life insurance.
The firm was founded in 2019 by Keith Phillips, who will remain as a consultant following the acquisition. It has £10m of assets under management.
Suttons was established in 2006 by Harvey Sutton in Sale, Greater Manchester.
The Chartered Financial Planning firm provides wealth management, tax, pensions and retirement planning advice to a client base that includes professionals, business owners and entrepreneurs. It also advises on mortgages, protection and savings.
Last year Suttons acquired Bolton firm Whitewell Financial Planning and the latest deal brings its total acquisitions to four. The transactions have helped to increase Suttons’ assets under management to more than £330m.
Ben Preston, managing director of Suttons, said the firm continues to seek suitable acquisitions as it looks to expand further.
He said: “This latest acquisition further underlines our strategic focus on sustainable growth, combining carefully-selected partnerships with ongoing organic expansion as we continue to invest in the long-term future of the business.”
He added: “We’re pleased that Keith will continue working with us, ensuring continuity for his clients and a smooth transition.”
Mr Phillips said: “I have always said that Financial Planning is about much more than products or markets – it’s about people, trust and being there through life’s changes. The values that matter to me – honesty, independence, putting clients first – are shared by Suttons.
“This should ensure a seamless transition for my clients, and I look forward to introducing them to the team at Suttons over the coming months.”
Robin Hastings, a corporate partner at north west law firm Bermans, advised Suttons on the deal. David Owen of Bluefriars Acquisition Services advised KSP Financial. The financial terms of the deal are undisclosed.
Suttons, which has 20 staff, continues to seek opportunities for further acquisitions alongside organic growth, it says. Revenues for Suttons’ latest financial year, which ran until 30 June 2025, were on track to reach a record £3.3m, the firm said.
Suttons achieved Corporate Chartered status with the Chartered Insurance Institute (CII) in 2024.