HFMC Wealth acquires Generic Financial Management for £3m

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...