Harwood Wealth Management Group has acquired Southampton-based chartered IFA AE Financial Services from AE Insurance Services for up to £4.6m plus £1.54m in respect of net cash balances.
The UK-based financial planning and discretionary wealth management business said the deal, which has been approved by the FCA, would provide Harwood with "a strategic hub" in Southampton and enhance "its...
£550m deal will not progress
Ambitious growth plans
Private equity investor and NW advice business
Further 15 hires planned this year
Five key points
400 to be made redundant
Wealth manager also considering sale
'On the surface, flat-rate tax relief is very appealing'