PE-backed firm led by ex-Quilter FP boss to acquire Beaufort Group

Buy-and-build strategy

Ayesha Venkataraman
clock • 2 min read

New advice and wealth management firm Solomon Capital Holdings has agreed acquire national advice network Beaufort Group for an undisclosed sum, according to the firm.

The deal, subject to regulatory approval, is the first stage of as strategy to build a national advice business, serving in excess of 50,000 clients, it said.  The initial acquisition includes full ownership of the financial planning firm, Beaufort Financial, and its discretionary fund management (DFM) firm, YOU Asset Management (YOU), both of which will retain their own brand identities and control over day-to-day operations, Solomon said. Following completion of the deal, Beaufort Group CEO Derrick Dunne and co-chair Simon Goldthorpe will join the executive team at Solomon. Goldthor...

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