Warwickshire-based Chartered Financial Planner MPA Financial Management has acquired local adviser firm, Worcester-based Suckling Waddington and Partners (SWP), for an undisclosed sum.

SWP has been an Appointed Representative of MPA since 2018, following SWP partner Alan Poole’s retirement from the business and the purchase of his 50% share by MPA.

The full acquisition of the firm by MPA comes as outgoing SWP partner Gary Cowley begins retirement, selling his remaining 50% stake in the business to MPA.  

MPA manages over £800m in investments on behalf of clients and has a team of more than 30 staff at its head office in Henley-in-Arden in Warwickshire.

SWP has provided wealth management services in Worcester for over 50 years. MPA says the SWP team will remain in Worcester and will continue to work with local clients, many of whom have been with the company for generations.

MPA managing director Phil McGovern said: “We have been partners with Gary and SWP for over five years and they have always been a joy to work with. Both our companies share the same core values centred on trust and delivering the best possible advice to clients – and that will never change.

“MPA is committed to keeping the SWP brand and team in Worcester for many years to come, so it is very much business as usual. We are already investing in SWP’s office, with new equipment and ongoing staff training, and are proud of our growing team of specialist advisers and support staff who will continue to serve our loyal clients to ensure they achieve their financial goals.”