MWA Financial has completed its acquisition of Wiltshire-based Hawthorn Financial Services as part of its ongoing ambition to build a national advice and planning business.
The acquisition brings a client base of more than 70 family units to the group and adds £26m of Assets Under Advice (AUA) and will see founder Derek Avenell join MWA Financial as an adviser with immediate effect. The transaction was completed with the support of Frontier Development Capital (FDC) and Coniston Capital who invested in MWA Financial in 2023, which the firm said provided the long-term growth capital required to support the group's acquisition strategy. MWA Financial was founded in 2016 by CEO Cam Banks, with the aim of building a "leading UK financial advice business cent...
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