PE-backed Solomon takes majority stake in Kent-based IFA

Signs partnership deal with Beaufort Financial Westerham

Jenna Brown
clock • 1 min read

Solomon Capital Holdings (Solomon), the private equity-backed national advice business, has signed a partnership deal with Kent-based Beaufort Financial Westerham.

The deal sees Solomon take a minority stake in the firm which has seven advisers on its staff. It added the deal was the first in a number of planned minority partner investment transactions. The deal is the fourth Solomon has completed in the last six months and an "important building block in its ambition to build a leading national advice and wealth management business", it said.  Solomon vice chairman Simon Goldthorpe (pictured) said: "The investment in Beaufort Financial Westerham is another major milestone for Solomon and a significant step forward in terms of our regional prese...

To continue reading this article...

Join Professional Adviser

  • 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 Your profession

Labour govt would not improve UK economy, industry says

Labour govt would not improve UK economy, industry says

The latest PA Asks results show a lack of belief in a Labour government

Isabel Baxter
clock 29 November 2023 • 2 min read
Savings boost of 15% needed for young people to retire early

Savings boost of 15% needed for young people to retire early

L&G highlights ‘power’ of compound growth when pension saving

Holly Roach
clock 29 November 2023 • 1 min read
Majority of advisers believe clients mostly value 'peace of mind'

Majority of advisers believe clients mostly value 'peace of mind'

Whereas clients place more emphasis on positive investment performance

Isabel Baxter
clock 29 November 2023 • 1 min read