Expanding Chartered Financial Planner HFMC Wealth has bought London-based Harford Financial Ltd in its fourth deal of 2023.

The deal, for an undisclosed sum, will see all of Harford Financial’s client-facing staff retained.

Harford owner Eli Kosiner will continue to oversee his key client relationships and will be head of mortgages at HFMC Wealth.

Harford is mainly a mortgage broker and works with individuals and high-net-worth clients to secure mortgage finance for homes or investment property.

HFMC says that Mr Kosiner’s experience will add additional capability in bridging loans, commercial finance and development loans.

Harford Financial clients will also be able to access the broader Financial Planning services of the parent group.

HFMC Wealth is an accredited Corporate Chartered Financial Planning firm.

Harford Financial owner and director Eli Kosiner said: “My clients will be able to benefit from access to a wider range of services and I am certain that I will be able to provide an unparalleled level of support to HFMC and its advisers. The future is very bright.”

“I wanted to have complete confidence that our clients would continue to receive high-quality ongoing advice and service for as long as they need it. The additional support that I will receive from the established mortgage team at HFMC will allow me to support even more HFMC and Harford clients.”

Ross Ibbotson, executive director at HFMC Wealth, said: “We are thrilled to announce the acquisition of Harford Financial. 2023 has been a strong story for us in terms of acquisitions having previously acquired two Chartered wealth planning businesses and the clients of a tax business.

“This deal provides great synergies for clients as we will now be able to provide even more services to them, with capabilities now extending to bridging loans, commercial lending and development finance for HFMC clients, while Harford clients gain access to wealth planning and investment management services. All of our discussions with Eli clearly evidenced that he has the interests of his clients at heart.

“We will now use 2024 to focus on integrating the businesses that have joined us, ensuring the vision of being a home for entrepreneurial, independent chartered high net worth advisers continues to be delivered. We know that Eli has the abilities and drive to make that a reality for the mortgage team and enhancing the breadth of advice services should be a positive for everyone.”

In July HFMC Wealth acquired London Chartered Financial Planner Weston-Cummins which has £350m in assets under advice (AUA). It was HFMC Wealth’s second acquisition of the year after taking over R&S Financial Planning in January.

HFMC Wealth was founded in 1986 and is owned by active members of staff. With offices in London and Weybridge, the firm has an advice team of 37 Financial Planners. The business has over £2bn of assets under advice and management. 

It has acquired several advisory firms and bought Generic Financial Management in 2018 in a deal worth up to £3m. In Feb 2020 it acquired London wealth manager Aspinalls.