Connect with us

Money

Loyal North completes double acquisition

Published

on

Loyal North completes double acquisition

Loyal North has announced the completion of a double acquisition of IF Wealth based in Hertford and Powell Financial Planning in Chelmsford.

Both firms will become part of Loyal North’s regional hub Gerald Pepper Financial Management (GPFM), which is also based in Hertford.

The acquisitions will bring £16m and £40m of client funds to the group, respectively.

Part of the acquisition deal involves, Powell Financial Planning shareholder and chartered financial planner Colin Powell to join GPFM as a senior financial planner and “continue to deliver financial planning to his clients following the transition”.

Advertisement

Additionally, Powell Financial Planning paraplanner Katherine Waspe Powell will join GPFM as a senior paraplanner.

IF Wealth director Grant Hazard will assist GPFM with overseeing the transition and integration of his clients prior to retiring from the industry.

GPFM joint managing directors Scott Atkinson and Simon Frost said: “We are really pleased with both acquisitions, and they will add a further £56m of funds to our business.

“We felt that there was great cultural alignment in terms of client approach and proposition and so strongly believed that we are the right future home for both Colin and Katherine and their clients.”

Advertisement

Loyal North group acquisition director Debbie Dry added: “It was important that the shareholders of both Powell Financial Planning and IF Wealth found the best home for their clients and, with an existing local firm of scale in the same region, we believed that we were the perfect fit.

“These are two further great acquisitions for us, and we welcome Colin and Katherine and both sets of clients to GPFM and the Loyal North family. We also wish Grant the best for his retirement, and he can retire knowing that his clients are in the best of hands.”

In April 2024, Loyal North completed the acquisition of Surrey-based independent financial adviser firm Whitman Fry Wealth Management, which added £60m of client funds to the group.

Whitman Fry also became part of Loyal North’s regional hub GPFM.

Advertisement

Loyal North manages over £1.8bn in client wealth nationally.

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

CryptoCurrency

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

Published

on

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week


According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 



Source link

Advertisement
Continue Reading

CryptoCurrency

Bitcoin options markets reduce risk hedges — Are new range highs in sight?

Published

on

Bitcoin options markets reduce risk hedges — Are new range highs in sight?


Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level. 



Source link

Advertisement
Continue Reading

CryptoCurrency

Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 

Published

on

Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 


Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.



Source link

Advertisement
Continue Reading

CryptoCurrency

Blockdaemon mulls 2026 IPO: Report

Published

on

Blockdaemon mulls 2026 IPO: Report


Other Web3 infrastructure platforms, such as Circle, are also mulling IPOs.



Source link

Advertisement
Continue Reading

CryptoCurrency

SEC asks court for four months to produce documents for Coinbase

Published

on

SEC asks court for four months to produce documents for Coinbase


The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.



Source link

Advertisement
Continue Reading

CryptoCurrency

‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

Published

on

‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec


Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.



Source link

Advertisement
Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.