Lumin snaps up South East firm in fifth deal

Swiss financial services firm VZ Group bought a majority stake in St Albans and London-based Lumin Wealth in May 2021. Lumin's most recent IFA acquisition came in March earlier this year when it bought Hertfordshire-based financial advice firm Enhance Wealth Management. Lumin revealed its "consolidator ambitions" in 2019 with its first acquisition of Bedfordshire-based Hyperion Financial Planning. The firm said it offers advisers a "stable and long-term home" and an alternative to the "many private equity solutions in the marketplace". Lumin Group MD Martin Cotter (pictured) said: "We...