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March 28, 2022

Kreston Reeves acquires Canterbury-based advice firm Tarvos Wealth

Kreston Reeves Financial Planning, a part of the Craven Street Wealth group, has acquired Canterbury-based advice firm Tarvos Wealth.

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The deal, whose financial details are unknown, comes as Tarvos managing director Simon Ludden prepares for his retirement.

Following the transaction, Tarvos clients will benefit from Craven Street’s services, including investment propositions, platform technology and systems.

Tarvos, which will merge into the Craven Street Wealth group over time, will continue to operate from its current office in Canterbury.

Tarvos Wealth director and chartered financial planner Ruth Dolan said: “We see this as a natural fit with both companies aligning their culture and vision, to continue to provide a high standard of advice and service to clients. With both firms’ historic roots in the accountancy and legal sector, it gives us a fantastic opportunity to continue to build a trusted service upon which other professionals can rely for their clients.”

The acquisition adds 18 financial planners to Craven Street’s team and increases its assets under advice to £1.15bn.

Craven Street Wealth and Kreston Reeves Financial Planning managing director Tom Barnett said: “We are delighted to have completed this acquisition at an important stage of our plans for development after detailed discussions over an extensive period of time.

“Not only does the combined business provide additional scale which we intend to embrace for the enhancement of services to clients, but also expands our advice team which operates with an exceptionally broad range of skills and professionalism.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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