Expanding wealth manager and Financial Planner MKC Wealth has acquired Wimbledon Chartered Financial Planning firm Holborn Financial for an undisclosed sum.

The firm's team of four Financial Planners and five support staff have joined MKC as part of the deal and will continue to be based at the Wimbledon office.

Holborn Financial was founded in 1988 by Emyr Blease and specialised in advising business owners, self-employed professionals, and retirement planning. It has made a number of acquisitions itself in recent years, many of retiring principals.

The business has been re-branded to MKC Wealth, and managing director Emyr Blease has joined MKC Wealth as director to focus on supporting the acquisition of the clients of retiring principals of advisory businesses.

Dominic Rose, chief executive of MKC Wealth said: "We continue our strategy of measured growth through the acquisition of like-minded businesses, including those of retiring financial advisers.

“The opportunity arose to merge with the Holborn Financial team and having got to know them, and their approach, it was really clear that we have the same outlook and philosophy."

Emyr Blease said: "We have built up a successful business advising discerning private clients, individuals who run and manage their own businesses and those in or seeking a comfortable retirement. This is the right strategic move for all concerned."

The acquisition is MKC Wealth’s seventh of 2023 and means it now has 26 financial planners and a total team of 90 across three offices with some £1.5bn of assets under advice. It acquired the advice arm of the troubled Lighthouse group from Quilter in 2021.

MKC Wealth is backed by private equity firm Cabot Square Capital which owns a number of businesses including Key Retirement Solutions.