Harwood WM buys Castleton Financial Planning for £1.6m

Second purchase of financial year

Julian Marr
clock • 1 min read

Harwood Wealth Management has acquired independent financial advice business Castleton Financial Planning for a purchase price expected to be in the region of £1.6m - its second deal in the space of a month.

The financial planning and discretionary wealth management business said it had now exchanged contracts to purchase the trade of Castleton, which has offices in Castle Cary, Somerset and Sherborne, Dorset. According to Harwood, the purchase price is expected to be approximately £1.6m, which will be 50% payable on completion - expected to be in April 2019 - with a further two instalments of 25% each due to be paid on the first and second anniversaries of completion, "contingent upon results". Harwood Wealth Management group chairman Peter Mann said: "The acquisition of Castleton is our...

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

More on Companies

Manchester firm declared failed by FSCS over pensions advice

Manchester firm declared failed by FSCS over pensions advice

Pension Advice Specialists, trading as Ashworth Wealth, no longer exists

Isabel Baxter
clock 26 March 2024 • 1 min read
Third Financial's 'laser-like' focus following Nucleus acquisition

Third Financial's 'laser-like' focus following Nucleus acquisition

‘Adviser platforms are more nuanced than just outsourced versus in-house’

Isabel Baxter
clock 26 March 2024 • 3 min read
Fairstone makes first advice firm buy of 2024 adding £110m in assets

Fairstone makes first advice firm buy of 2024 adding £110m in assets

Consolidator acquires Nottingham-based James Ryan Thornhill

Isabel Baxter
clock 26 March 2024 • 1 min read