Aspiring consolidator HFMC Wealth snaps up small IFA

Adds £1m revenue to its books

clock • 1 min read

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 ...

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