Clarion Wealth Planning owner seals MBO deal after almost 40 years

The management buyout (MBO) at the Alderley Edge-based financial planning business sees John Winstanley take over running the firm along with four other directors. Walker, a founding member of the Institute of Financial Planning and now part of the Chartered Institute for Securities & Investment, will remain with the firm for at least five more years. Chairman Keith Thompson will also remain in place. Walker founded Clarion Wealth Planning in 1985 and was a "pioneer" in fee-based financial planning, the firm said.  The deal sees the management team buy 60% of the shares in the prev...