Chartered IFA HFMC Wealth has acquired financial planner Aspinalls Group in a deal it said would strengthen its London presence.
The deal will see Aspinall's operations director Madelaine Bacon join HFMC's senior management and founding executive chairman David Aspinalls oversee key client relationships at HFMC. It has brought an additional £1m of annual recurring revenue to HFMC Wealth and increased the firm's assets under advice to more than £130m. Apinalls' one adviser and four staff, including Bacon, will move to HFMC as part of the takeover. David Aspinalls said: "We have felt for some time that joining a larger firm would be the best way to deliver the wider range of services we wish to provide our ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
