Harwood Wealth Management has acquired independent financial advice business Castleton Financial Planning for a purchase price expected to be in the region of £1.6m - its second deal in the space of a month.
The financial planning and discretionary wealth management business said it had now exchanged contracts to purchase the trade of Castleton, which has offices in Castle Cary, Somerset and Sherborne, Dorset. According to Harwood, the purchase price is expected to be approximately £1.6m, which will be 50% payable on completion - expected to be in April 2019 - with a further two instalments of 25% each due to be paid on the first and second anniversaries of completion, "contingent upon results". Harwood Wealth Management group chairman Peter Mann said: "The acquisition of Castleton is our...
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