Rapidly expanding adviser and fund manager One Four Nine Group has acquired Nottingham-based firm HFL Financial Advisers, boosting its clients assets to over £1bn only a year after launch.

The deal is private equity-backed One Four Nine’s sixth since October 2021 and boosts its presence in the East Midlands.

One Four Nine was launched in 2021 and has grown rapidly through acquisition since then.

In August One Four Nine acquired its second firm in Scotland with a deal to buy Financial Planner Russell Gibson Financial.

The latest deal, for an undisclosed sum, boosts the group’s client assets to over £1 billion, the firm said.

HFL Financial Advisers Ltd (HFL) was established in 2013 by Peter Haigh, Peter Frogson and Nic Lewis. The firm offers advice on pensions, investments, mortgages and financial protection. 

Matthew Bugden, One Four Nine CEO, said: “I have personally known the senior team at HFL for many years, therefore it is incredibly rewarding to be able to welcome them to the One Four Nine family and bring their considerable expertise to our team.”

Gabrielle Beaumont, One Four Nine MD, added: “The acquisition of HFL marks a significant moment in the evolution of One Four Nine – coming within one year of the group’s launch and brings us to a milestone £1 billion of client assets – a target our team has worked exceptionally hard to achieve.

“With an expanding team across Scotland, the East Midlands, the North and the South-East, we have carefully grown our senior leadership capability and built the foundation needed to integrate new and existing team members, creating a sense of unified purpose and brand identity. With all that has been achieved in our first year, and further quality adviser firms to bring into the One Four Nine fold, we are hugely excited about what our second year will bring.”

One Four Nine, which is funded by private equity firm Copper Street Capital, has also entered a long-term financing arrangement with Cordet Capital Partners. One Four Nine says it will continue to look for acquisition opportunities.

One Four Nine is a relatively new entrant to the adviser M&A sector and was launched in 2021.

One Four Nine Group is focused on tax-efficient investments, including EIS, and its growing financial advice arm.