HFMC Wealth acquires Generic Financial Management for £3m

'Will help cope with ever-increasing regulatory burden'

Sophie King
clock • 1 min read

HFMC Wealth has acquired Generic Financial Management for £3m, adding 270 clients and £150m of assets under advice and management to its books.

The deal has also seen a number of new recruits added to the team as well as £950,000 of annual recurring revenue. Two directors of Generic Financial Management, David Verne and Marc Ruse, have become private client directors at the London and Weybridge-based HFMC Wealth. KW Wealth acquires Marchant McKechnie for up to £4m Generic Financial Management MD Paul Thomas will head up business development and provide executive coaching as part of HFMC Wealth's adviser development programme. 'Ticks all boxes' Thomas said: "We have felt for some time that we needed a partner to provid...

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