PE-backed firm Solomon Capital Holding makes second acquisition

Buy-and-build strategy

Ayesha Venkataraman
clock • 2 min read

Advice and wealth management firm Solomon Capital Holdings has acquired multi-office advice firm Gale and Phillipson for an undisclosed sum.

The deal puts in place "the final foundation block" of its plan to build an integrated national advice and wealth management business, serving in excess of 50,000 clients across the UK, it said. The deal will see Solomon take full ownership of Gale and Phillipson with chief executive (CEO) David Carr joining the executive team at Solomon following completion. Gale and Phillipson, founded in 1988, has 34 advisers overseeing the assets and financial affairs of over 3,500 clients across offices in London, Newcastle, Richmond and Northallerton. The business also has its own discretionary ...

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