Lumin Wealth reveals consolidator ambitions with 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...