Lumin Wealth adds £75m AUM with third adviser acquistion

Hertfordshire-based firm

Jenna Brown
clock • 1 min read

Lumin Wealth has bought Hertfordshire-based financial advice firm Chamberlain Stean and West for an undisclosed sum.

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...

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 Companies

FOS to apply CMCs complaint fee from April

FOS to apply CMCs complaint fee from April

Charge of £250 will be applied to ‘make funding arrangements fairer’

Isabel Baxter
clock 07 February 2025 • 4 min read
FCA rejects all Blackmore Bonds complaints

FCA rejects all Blackmore Bonds complaints

Regulator writes to those who complained about the way it handled the case

Isabel Baxter
clock 06 February 2025 • 2 min read
Third Financial launches portal for large advice firms and consolidators

Third Financial launches portal for large advice firms and consolidators

Platform has launched a white-labelled digital proposition

Isabel Baxter
clock 06 February 2025 • 2 min read