Lumin Wealth adds £75m AUM with third adviser acquistion

The firm's third advice practice acquisition adds £75m in assets under administration (AUM) to Lumin and brings group AUM to more than £600m. Two advisers and two paraplanning staff will join the firm under the terms of the deal, the third Chamberlain adviser, director and owner Chris West, will retire from financial advice. Lumin Wealth is a financial advice and discretionary fund management firm based in St Albans and London. Retiring CSW director and owner West said: "Whilst this is the end of an era for me, it is the beginning of an exciting partnership between CSW & Lumin that...