International financial advisory firm Hoxton Capital Management has made its fourth acquisition in the UK this year with a deal for an undisclosed sum to buy St Albans-based Chequer Financial Services.

UAE-based Hoxton has offices in the USA, Australia, South Africa and in Europe and is expanding in the UK.

In June Hoxton Capital Management acquired London and Southend IFA Devine Financial Management. It was the third deal in three months for Hoxton and pushed its AUM to £1.6bn, a 30% increase in one year, Hoxton said.

In April, Hoxton added more than 380 clients with the acquisition of two UK-based Financial Planning firms. It acquired £80m AUM Dudley-based Alpha Financial Services and Guildford-based Bartholomew Financial Planning. The Chequer deal will add 80 more households to Hoxton.

Hoxton Capital Management was founded in the UAE in April 2018 by British expatriate, Chris Ball, formerly of deVere Group. It employs 300 staff worldwide. 

Chequer specialises in pensions, retirement planning, investment advice, insurance and protection cover, as well as wealth preservation and asset management. The company also provides mortgage advice, a will writing service and business financial advice and planning.

Commenting on the Chequer acquisition Thomas Maddison, acquisitions director at Hoxton, said: "The acquisition of Chequer provides us with an opportunity to enhance our local presence within St Albans by adding an additional 80 households to our client base.

“Chequer is an independent firm that shares significant cultural and value synergies with Hoxton. Each client will benefit from a dedicated team comprising an adviser, Paraplanner, and administrator. Additionally, clients will have the option to maintain continuity by attending their annual review meetings in our city centre office."