Friday, July 22, 2022
HomeFinancial PlanningSaltus acquires London-based Chartered Planning agency

Saltus acquires London-based Chartered Planning agency

Wealth supervisor and Monetary Planning agency Saltus has acquired London-based Chartered Monetary Planning agency Higgins Fairburn Advisory LLP (HFA).

The acquisition is the third for Saltus over the previous yr.

The deal will carry workers numbers at Saltus to over 120, and property below administration to £2.3bn.

It stated the acquisition will improve its London Monetary Planning providing and assist development aspirations within the area.

Saltus stated it selected to amass HFA as a consequence of its well-established London presence.

The wealth supervisor stated it has a long-term technique to amass established owner-managed corporations that share its client-centric and goal-based Monetary Planning method.

In September 2021 Saltus acquired Fish Monetary and in March 2022 it acquired NSL Wealth

HFA was spun out from accountancy apply Higgins Fairbairn & Co, with Chartered Monetary Planner Gianpaolo Mantini main the advisory enterprise. The LLP was integrated in 2009 and first authorised in 2010.

The acquisition will see all HFA workers transfer throughout to Saltus and Mr Mantini turn into associate of Saltus.

HFA workers will transfer into Saltus’ 4 workplaces in London, Solent, Bournemouth and Farnham, with most predominantly working from the Mayfair base.

All HFA shoppers will preserve their HFA adviser.

Mr Mantini stated the acquisition will supply HFA’s shoppers the technological developments that being half of a bigger agency can carry.

He stated: “From our early discussions with Saltus, it was clear {that a} merger with them would supply a fantastic match for our enterprise and our shoppers.

“We now have all the time embraced technological change, nonetheless to get extra out of expertise and to ship a ‘cutting-edge’ monetary recommendation proposition to our shoppers. We wanted larger flexibility and responsiveness, so we’re delighted to have turn into a part of the Saltus Group.”

Jon Macintosh, managing associate at Saltus, stated: “Gianpaolo and the workforce at HFA are a fantastic match for Saltus and we’re delighted to welcome them on board.

“Not solely do they share our goal-based method to monetary planning – putting the consumer on the coronary heart of all the pieces they do – however their well-established presence will actually complement our monetary planning companies providing, enabling us to succeed in much more shoppers throughout the UK.”

The agency additionally acquired Lorica in 2020 and Consilia in March 2021.

Saltus now manages over £2bn in property and employs over 100 folks.

Earlier this yr Saltus appointed Alex Spreckley as managing director of Monetary Planning. He joined from Handelsbanken Wealth & Asset Administration the place he was head of wealth administration and can assist to drive a push to take the agency to Chartered standing.

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