UK-based financial advice and fund management firm One Four Nine Group has acquired Surrey-based chartered financial planning firm Total Wealth Planning (TWP).
The deal marks One Four Nine’s third acquisition following the purchase of Charter Financial Planning and Rice Whatmough Crozier in October 2021.
Go deeper with GlobalData
TWP provides a range of services to investors based in the South of England. It adds 12 staff members, more than 1000 clients, and £240m assets to One Four Nine Group.
Following the deal, One Four Nine will have more than £540m in assets under management (AuM).
One Four Nine Group managing director Gabrielle Beaumont said: “Total Wealth Planning is an innovative business with an excellent team and we are thrilled to add their impressive skills and capabilities to One Four Nine Group.
“I have been working with the TWP team for a number of months now through the acquisition process and believe their people are a natural fit for One Four Nine given their dynamic and collegiate business values. We look forward to helping them do what they do best – looking after their clients’ financial interests.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe acquisition expands the One Four Nine’s geographical footprint and is said to be in line with the group’s ambitious strategy to grow organically as well as through future acquisitions.
The firm is seeking to build an independent financial advice and fund management group with a focus on accountancy firms.
It also targets other professional services firms that own or have a joint venture with financial advice firms as well as standalone advisory firms.
Last month, Canada’s Canaccord Genuity Group signed a deal to acquire Punter Southall Wealth from Punter Southall Group in a bid to expand its UK footprint.
