Hoxton Wealth, an independent financial advisory firm, has added over £85m ($104m) in assets to its books with the purchase of Darlington-based Family First Financial Services.
This deal further deepens Hoxton Wealth’s presence within the UK market.
Family First has expertise in assisting clients through unexpected life events, retirement planning, savings and investments, property purchases, and a variety of insurance needs.
The firm offers comprehensive financial planning services, including advice on wills, potential inheritance tax liabilities, and the advantages of establishing trust funds.
Hoxton Capital Management acquisitions director Thomas Maddison said: “This acquisition is a strategic fit for Hoxton Wealth, significantly enhancing our presence in the north of the UK and further advancing our goal of delivering lifestyle financial planning at scale throughout the country.
“I want to extend my gratitude to Mark Horner and Ian McFarlane at Family First for their collaboration throughout this process.
“Their dedication has been instrumental in ensuring a smooth transition. Horner will be personally overseeing the hangover period, introducing clients to their new Hoxton advisers and ensuring that all necessary steps are taken for a successful integration.”
This acquisition marks the fifth UK independent financial advisor (IFA) firm that Hoxton Wealth has taken over in the past year.
Hoxton Capital Management’s assets under management have now surpassed $2.2bn.
Founded in the UAE in April 2018 by British expatriate Chris Ball, formerly with deVere Group, the company now has 300 employees globally.
“Hoxton Wealth acquires UK’s Family First Financial Services” was originally created and published by Private Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.