Lumin Wealth Management has bought Everett MacLeod, marking its second-ever purchase. The deal consideration was not divulged.

Everett MacLeod is a London-based IFA, managing over £45m ($59m) in assets. The addition of these assets will increase Lumin Wealth’s assets to £520m.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

As part of the deal, Everett MacLeod director Mike MacLeod will join Lumin Wealth.

MacLeod, who has been working as a director at Everett MacLeod for more than 22 years, called the two companies “a great fit”.

“Both companies put the needs of clients first and the larger team provides a more stable and secure platform to provide them with long term support,” MacLeod stated.

MacLeod will continue to serve his existing customers.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lumin Wealth managing director Martin Cotter said: “By joining Lumin, Mike can continue to be an exceptional financial adviser, supported by enhanced resources and infrastructure allowing him to do what he does best – advising and building relationships with clients.

“We will continue to pursue further acquisitions in 2020 with businesses who align with our core principles and values and are already being approached by firms who are looking for a partnership which will allow their business to grow.”

Lumin Wealth’s first acquisition was Bedfordshire-based Hyperion Financial Planners. The deal, announced last April, added £85m in assets to Lumin Wealth.