Marlborough has made a “significant” investment in First Wealth, giving it a minority shareholding in the business.
Marylebone-based financial planner First Wealth employs 25 staff, including eight financial planners, and manages approximately £480m of assets for around 600 clients and their families. First Wealth will use the investment to recruit additional staff and invest in technology. In addition, it will invest in First Wealth Private Office, which is the firm's service for high-net-worth individuals, where it sees an "exceptional opportunity" for growth. Marlborough CEO Richard Goodall said: "We've known First Wealth for a number of years and the team have greatly impressed us. They're a hi...
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