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September 6, 2021

South Africa’s Alpha Wealth picks majority stake in UK’s Holborn Financial

By Verdict Staff

South Africa-based wealth management firm Alpha Wealth has acquired a majority stake in UK-based advice firm Holborn Financial.

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The deal, whose financial details are unknown, is part of Alpha’s strategy to expand its UK footprint.

Founded in 1988, Wimbledon-based Holborn Financial advises some 150 business owners and private clients with around £150m of assets under influence.

The firm has a team of three advisers and five support staff.

Alpha Wealth CEO Kerry Fynn said: “We are delighted to be able to partner with the team at Holborn Financial and this acquisition marks the beginning of a new and exciting chapter for both of us as we collaboratively grow the business.

“Alpha has decided to expand its UK presence through this acquisition to support the growth of Holborn Financial and we are very pleased to be on this journey with the Holborn team.”

Holborn founder Emyr Blease will remain in his current role as managing director.

He will be joined by former Quilter Private Client Advisers managing director Nigel Speirs as chairman.

Blease commented: “We have built up a successful business advising discerning private clients, individuals who run and manage their own business and those in or seeking a comfortable retirement.

“We have the same values as Alpha, primarily providing excellent levels of personal service. We look forward to growing our business both organically and through acquisition.

“Alpha’s expertise, resources and support will be fundamental to the successful roll out of the merged firms.”

Established in 2005, Alpha Wealth has offices in Johannesburg, Cape Town, Durban, London, Geneva and Mauritius.

The firm oversees more than £550m in assets.

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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