Wed, 17 Apr 2024 | BUSINESS SALE
International independent financial advisory firm Hoxton Capital Management has expanded its presence in the UK with a double acquisition. The company has acquired Alpha Financial Services and Bartholomew Financial Planning.
Alpha Financial Services is based in Dudley and has £80 million in assets under management (AUM), which it manages on behalf of more than 300 families and corporate clients across the West Midlands. The deal provides Hoxton with its first office in the region.
Alpha has provided financial management, pensions and life insurance advice since 1996 and offers a full range of financial management services, including investment portfolio planning and guidance on income drawdown, self-invested personal pensions (SIPP), small self-administered schemes and pension consolidation and transfer.
Bartholomew Financial Planning is based in Guildford and supports 80 clients, with a focus on personalised holistic financial planning. Following the takeover by Hoxton, Bartholomew’s managing director Karen Bartholomew will remain as an ambassador to ensure a comprehensive integration for the company’s clients.
Thomas Maddison, acquisitions director at Hoxton Capital Management, said: "We are thrilled to announce our acquisition of Alpha Financial Services and Bartholomew Financial Planning, both firms with excellent reputations for their holistic approaches to financial planning and their commitment to client satisfaction.”
Maddison added: "These acquisitions reinforce Hoxton's dedication to providing unparalleled financial solutions tailored to meet the unique needs of our clients. We will continue to look for opportunities to do so and we are excited to embark on this journey with both teams, leveraging our combined expertise to ensure a seamless integration for all involved."
Hoxton Capital Management was founded in the UAE in 2018 by British expatriate Chris Ball. The company has seen significant growth since then, now employing 300 staff worldwide and recently announcing that it had reached $1.7 billion in AUM, a year-on-year increase of 30 per cent.
Read about the trends driving M&A in UK wealth management
An exciting opportunity to acquire a well-established independent financial advisor firm with £125m in funds under management in Wiltshire.
Although profitable, this business has quality personnel who can continue working, leading to a smoother transition post sale.
This firm represents a superb opportunity to establish a hub, with staff and offices already in place.
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