Wealth Club, an investment service for high net worth (HNW) individuals, has taken over execution-only discount broker Clubfinance for an undisclosed sum.

Clubfinance offers enterprise investment scheme (EIS), venture capital trust (VCT), investment, pension as well as stock-broking intermediation services.

Wealth Club said that the acquisition supports its commitment to offering sophisticated wealth management solutions and create the leading specialist broking platform for tax-advantaged investment.

The deal will increase Wealth Club’s client base to more than 8,000, boost its assets under influence to over £435m and strengthen its core footprint in the VCT, EIS and IHT space.

The combined entity will operate from Bristol, Wealth Club’s headquarters, and will be headed by Wealth Club CEO and founder Alex Davies.

Commenting on the acquisition, Davies said: “Clubfinance fits perfectly with what we do and the acquisition supports our progression towards becoming the investment platform of choice for HNW and experienced investors, with best-in-class service, choice and research.

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

“We believe with the pension restrictions beginning to bite as well as the new dividend tax and the crackdown on buy to let, demand for the products we offer (which is already very strong) is about to rocket. We look forward to helping high net worth and experienced investors identify the best options, and making it much easier for them to apply and monitor their investments.