Thu, 05 Oct 2023 | BUSINESS SALE
Penrith-based financial services firm Armstrong Watson Financial Planning has acquired local rival 3G Financial. The acquisition comes as a result of 3G’s long-time owner Charles Graves deciding to step back from the business.
Graves, who has 45 years’ experience in financial services and has headed 3G Financial for 16 years, said that Armstrong Watson would be a good fit for the firm's clients and would continue to provide a high level of advice and service. Post-acquisition, Graves will continue to support the Armstrong Watson team, in order to ensure a smooth transition for the business’ clients.
Armstrong Watson, which is headed by MD Stewart Crockett and has been providing financial advice for over 50 years, is headquartered in Penrith, Cumbria and has a 55-strong team, including 19 independent financial planning consultants, across 16 offices.
Stewart Crockett commented: "We look forward to welcoming the clients of 3G Financial and ensuring that they continue to receive the highest quality of financial advice, whilst also benefiting from access to Armstrong Watson's full remit of services, including personal and corporate tax, alongside our full accountancy propositions as and where required."
Charles Graves said: "Armstrong Watson is a very natural choice - its wealth management and financial services are well respected, and I have confidence that the skilled team will look after my financial services clients well."
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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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