MWA Financial renews acquisition drive with Hampshire firm purchase

Assets increase to £300m

clock • 1 min read

MWA Financial has acquired Prosperity Financial Advisors & Stockbrokers, renewing its acquisition drive to become a national IFA.

The acquisition of the Hampshire-based firm takes MWA's assets under influence to £300m. The deal adds a team of 8-10 advisers to MWA, taking its total adviser headcount to 15.  Prosperity, which said it had offers from 10 other companies, will keep its branding and co-founders Mark Newman and Jasper de Zoeten will remain in their roles until the transition is complete. A spokesperson for MWA said it would remain active in the business for the foreseeable future, helping with the transition and future development of the venture. MWA is planning to make other acquisitions over the next...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why human connection remains central in a digitally enabled advice sector

Why human connection remains central in a digitally enabled advice sector

'It is clear that the sector is moving through a significant period of transformation'

Tim Riseborough
clock 17 December 2025 • 3 min read
Why advisers shouldn't rush into private markets

Why advisers shouldn't rush into private markets

'There's only so long the hamster wheel can keep turning'

Justin Cash
clock 15 December 2025 • 4 min read
Adviser workload set to rocket ahead of IHT on pensions changes

Adviser workload set to rocket ahead of IHT on pensions changes

Large volumes of clients will need reviews of financial plans

Isabel Baxter
clock 15 December 2025 • 3 min read