MKC Wealth signs former Tenet firm as part of double deal

The City of London boutique wealth manager and consolidator paid an undisclosed sum for Buxton firm Crescent Independent, as well for the clients of retiring IFA Christine Brearley. Crescent Independent was an authorised representative (AR) of Tenet and currently services about 188 households with a combined £70m of assets. Founders Steve Penn and David Brooks said: "We built up our business entirely by word of mouth, initially advising private clients and then adding a significant number of corporates. Over the last year we have been planning a smooth succession before we retire. " ...