Tue, 30 Jul 2024 | BUSINESS SALE
International financial advisory firm Hoxton Capital Management has completed the acquisition of St Albans-based independent financial adviser (IFA) Chequer Financial Services.
The deal is Hoxton’s fourth UK IFA acquisition so far in 2024 as the company continues its acquisitive growth strategy. The acquisition follows previous deals for Dudley-based Alpha Financial Services, Guildford-based Bartholomew Financial Planning, and Devine Financial Management, a financial advisory firm based in Southend and London.
Chequer Financial Services specialises in pensions, retirement planning, investment advice, insurance and protection cover, wealth preservation and asset management. In addition, it also offers mortgage advice, business financial advice and planning and a will writing service.
Following the acquisition Hoxton Capital Management’s Acquisitions Director Thomas Maddison (pictured above) commented: "The acquisition of Chequer provides us with an opportunity to enhance our local presence within St Albans by adding an additional 80 households to our client base.”
“Chequer is an independent firm that shares significant cultural and value synergies with Hoxton. Each client will benefit from a dedicated team comprising an adviser, paraplanner, and administrator. Additionally, clients will have the option to maintain continuity by attending their annual review meetings in our city centre office."
Hoxton Capital Management has offices in the UK, USA, Europe, UAE, South Africa and Australia. The firm, which was founded in the UAE by Chris Ball in 2018, recently announced it has reached $2 billion (around £1.5 billion) in assets under management (AUM), a year-on-year increase of 30 per cent. The company now employs 300 staff worldwide.
The company’s acquisitive growth comes during an ongoing period of intensive consolidation in the UK’s financial advice and wealth management industry, which remains highly fragmented despite high levels of M&A activity for the past few years.
Read more about the ongoing boom in wealth management dealmaking
This established firm in West Yorkshire offers a significant opportunity with £160 million funds under management and a stable office and staff base, providing continuity post-acquisition.
This is a rare opportunity to acquire a highly profitable client bank with an average portfolio size above £800,000.
This unique opportunity offers you the chance to acquire a well-established accountancy practice with a loyal client base and strong recurring revenue, located in Bristol.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.