Applewood Wealth Management is targeting £100m in additional assets over a 12-month acquisition spree.
Following the purchase of North Wales-based Ravencourt last year, managing director Karl Hartey says the acquisition of a Shrewsbury-based IFA with £20m in assets under management is "as good as done". He expects the deal with the IFA to be completed in March. "The firm will leave its network and we will take over its clients," he says. Hartey also reveals Applewood is looking to buy a Chester-based IFA with around £40m in assets and is eyeing up a Wrexham-based firm. Applewood hopes the acquisitions will bring in a collective £100m of additional assets. "If we can bring in tha...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes