MWA Financial acquires Essex-based financial planner

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MWA Financial acquired an Essex-based wealth management firm, bringing its assets under influence to £ 380million and its advisers to 19.

The consolidator acquired CHC Wealth Management from the accounting firm Clemence Hoar Cummings.

CHC Wealth Management will retain its name, location and all staff, while its director, Neil Manning, will become one of the company’s primary wealth advisers. Former parent company Clemence Hoar Cummings will become a strategic partner of MWA.

MWA Financial CEO Campbell Banks said: “The acquisition of CHC Wealth Management is another important milestone for MWA as we look to continue to grow our presence in the UK.

“In addition, the strategic partnership that we have established with Clemence Hoar Cummings within the framework of the agreement will allow the two companies to considerably enrich their customer proposals.

The deal follows the firm’s acquisition of Hampshire-based Prosperity Financial Advisors & Stockbrokers in March this year.

The group aims to build a “national firm” of independent financial advisers over the next three to five years.

She already owns Everley Wealth Management, based in Hertfordshire.

MWA Financial Executive Chairman Ed Rosengarten said the company has established itself as a high-quality regional ACI aggregator.

“What we have purchased is a first class regional company with a high quality offering and an extremely impressive customer list,” he said.

“Our goal with every business we buy is to support the elements that have made them successful to date while providing the group’s expertise and support to help them grow and grow further. “

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