Mon, 26 May 2025 | BUSINESS SALE
Wealth management and financial planning firm Saltus has added approximately £400 million in client assets to its business with the acquisition of Delta Financial Management, as consolidation continues in the highly active wealth management sector.
Hertfordshire-based Delta Financial Management was founded in 1980 and provides financial advice to over 500 clients. The company has a particular focus on business owners, airline professionals and clients from the media and entertainment industries.
It provides advice and support for clients across all aspects of the finances, building its offering around “bespoke planning” and "a collaborative, team-based approach”.
For Saltus, the deal is the next step in its long-term strategy of bolstering its financial planning capabilities through the acquisition and integration of high-quality, client-centric financial planning and wealth management businesses.
Saltus partner Michael Stimpson commented: “Delta is a high-calibre business with a strong advice-led culture, excellent financials and a clear commitment to delivering long-term value to clients.”
“This acquisition is a natural fit for Saltus and aligns with our ambition to grow by partnering with firms who share our values and focus on client outcomes. We are delighted to welcome the team to Saltus.”
Following the acquisition, Delta’s nine-strong team will remain in place, while directors Jarrod Ellis and Amin Malik will become partners at Saltus. Delta’s clients, meanwhile, will continue to work with their current advisers and support teams, while benefitting from the additional expertise and infrastructure of a larger group.
The post-deal integration process is expected to be completed within the next 12 months.
Delta co-director Amin Malik said: “Saltus shares that philosophy and brings additional scale, capability and investments in technology that existing and future clients will certainly benefit from.”
Fellow co-director Jarrod Ellis said that the deal would enable Delta to take its client offering to “another level”, allowing it to spend more time with clients.
Find out more about wealth management M&A trends:
90 per cent of IFAs and financial planners predict more M&A
Private equity driving ongoing IFA consolidation
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