Two UK IFAs have announced a merger deal to create a "whole of market, high end" wealth management firm.
Hoyland Financial Management and Columbus Financial Advisers will officially join forces on May 1 to become HFM Columbus.
The new brand, aimed at the higher-net-worth end of the market, will offer advisory solutions in a number of areas including mortgages and investments, employee benefits, retirement and IHT planning.
“As specialists in our respective areas, the coming together of the two companies was a natural fit,” says Gary Festa, director of HFM Columbus Group.
“Our integrated status means we are able to increase our capacity to provide our clients with the best independent advice to encompass the entire range of financial planning.”
The firms have had close ties for years, ever since meeting at a conference in 2002, and the idea of a union was first voiced two years later.
“After working together for the past six years and setting up the holding company last year, we are now firmly established as an excellent working partnership with the ability to share the talents of our high-calibre wealth managers,” says Festa.
“We have also opened an office in one of London’s more prestigious areas to allow our advisers to meet busy London-based clients and to assist the company in making further senior appointments for suitably qualified wealth managers.”
HFM Columbus will be headed by Jeremy Hoyland and Charlie Walker as managing directors, with Gary Festa and Marcus Carlton as fellow directors.
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