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
This well-established East Midlands firm boasts over £90m in funds under management, offering a solid foundation and potential for growth.
This is an exclusive opportunity to acquire a South Wales IFA business with substantial assets under management, offering a stable, recurring income stream.
This is a rare chance to acquire a well-established, chartered financial planning firm with £380 million funds under management, offering a robust client base and a strong reputation in the industry.
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