Lumin Wealth Management is set to acquire Bedfordshire-based Hyperion Financial Planning, which would represent the financial adviser's first acquisition.
The deal, which is set to complete on 8 April, would bring in £85m of client funds under advice. Hyperion FP director and shareholder Michael Barnett will be one of two advisers moving to London and Hertfordshire-based Lumin Wealth, alongside a senior paraplanner. Lumin Wealth managing director Martin Cotter said the move would provide a template for further acquisitions, adding: "We represent a strong alternative to the national consolidators for advisers who want to retain a more personal involvement and entrust their clients to a high service proposition." Quilter to buy 400 adv...
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