Clifton Wealth Partnership buys Essex advice business

Cutting & Carter purchase adds £60m AUM

Jen Frost
clock • 2 min read

Clifton Wealth Partnership has completed its purchase of financial planning firm Cutting & Carter, adding about £60m assets under management (AUM).

Cutting & Carter is based in Maldon and works with roughly 500 clients in the Essex area. The business was launched 25 years ago and Cutting & Carter directors Steve Carter and Gary Smith have each spent more than 40 years working in financial services, according to Clifton Wealth Partnership. Both directors will continue to be involved in the acquired business for a transitional period of up to two years, gradually tapering into retirement. "This has been a long and detailed process, and it has not happened overnight," said Smith. "We took time to understand Clifton and how they o...

To continue reading this article...

Join Professional Adviser for free

  • 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

Jen Frost
Author spotlight

Jen Frost

Editor at Professional Adviser

More on Companies

CACEIS agrees to voluntary £31.7m payment as firm censured by FCA over WealthTek

CACEIS agrees to voluntary £31.7m payment as firm censured by FCA over WealthTek

Formerly Vertus Asset Management

Patrick Brusnahan
clock 25 June 2026 • 2 min read
M&G shuffles board as Clare Thompson steps down

M&G shuffles board as Clare Thompson steps down

Will depart following HY results

Patrick Brusnahan
clock 24 June 2026 • 2 min read
Big interview: True Potential Wealth Management CEO Stuart Dodson

Big interview: True Potential Wealth Management CEO Stuart Dodson

Firm has made ‘very good progress’ with redress programme

Isabel Baxter
clock 23 June 2026 • 7 min read