The Financial Planning arm of national financial adviser One Four Nine Group has acquired Nottingham-based Castlegate Capital, a Chartered Financial Planning firm.

One Four Nine Group says the deal will boost total assets to over £1.6bn and is the first by its new Financial Planning-focused One Four Nine Wealth brand.

One Four Nine says the acquisition of its second Nottingham business will boost its Midlands presence. The price paid for Castlegate has not been disclosed.

Castlegate Capital was established in 2016 and serves private and corporate clients across the UK.

The deal is the tenth acquisition for One Four Nine Group and its first of 2024. The firm paused its acquisition strategy to allow it to fully integrate all acquired firms into the business.

One Four Nine Wealth was launched in late 2023 to expand the firm’s customer base and to serve all regional locations under one wealth brand identity.

One Four Nine Wealth is the Financial Planning arm of the business and operates alongside One Four Nine Portfolio Management which includes an in-house Discretionary Investment Manager.

Castlegate Capital will rebrand to One Four Nine Wealth when the deal is completed, taking the group’s client assets to over £1.6 billion with over 30 Financial Planners and 5,000 clients.

Gabrielle Beaumont, CEO, One Four Nine Group, said: “This is an exciting time of growth for One Four Nine Group. Investing heavily in the last 12 months in people, integration and client proposition across our regional locations has put us in a strong position to continue to attract some of the best firms in the market as part of our continued acquisition strategy.

“I’m delighted to welcome Castlegate Capital to the business. Their team were a natural fit for One Four Nine Group and share our vision of building an energetic, forward-thinking Financial Planning business with a clear focus on delivering excellent lifetime financial planning to our valued clients.”