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Fast-growing international Financial Planning firm Hoxton Wealth has acquired Manchester-based advice firm Haven IFA for an undisclosed amount.
Haven specialises in pensions and investments and its acquisition adds around £140m in assets to Hoxton Wealth.
Hoxton said the deal builds on its existing North West footprint in Liverpool, extending its presence along the M62 corridor to reinforce its long-term commitment to the region.
Oliver Gorman, Hoxton Wealth’s revenue director, said: “Manchester is a magnet for talent and enterprise. Establishing a base there is strategically important for our clients and our growth.”
Haven had four advisers. Two will join Hoxton Wealth while two will retire. Haven’s administration team will also become part of Hoxton Wealth, ensuring continuity for clients and colleagues, the firm said.
Mr Gorman said: “Nick Dando, Graham Slater, and Mike Leigh have built a fantastic business over the years at Haven, and it’s been an absolute pleasure working with them through this process. We’re thrilled to have Mike staying on as part of the team.”
Chris Ball, CEO of Hoxton Wealth, said: “Over more than 21 years, Haven’s Chartered Financial Planners, including former directors, have built a solid, trusted business serving clients across Greater Manchester.
“After being introduced in the spring, we quickly found alignment. Haven had engaged with several suitors but prioritised a partner that would protect continuity for local clients and advisers, retain its North West–base with genuine Financial Planning at its core, and offer long-term stability and opportunity for their people.”
UAE-based Hoxton was set up in 2018 by British expatriate Mr Ball, formerly of deVere Group. It was known as Hoxton Capital Management until it rebranded last August. The company said its new branding would help ensure that internationally-minded clients have a place alongside more domestically-focused clients.
Hoxton Wealth’s client base currently stands at 7,000 individuals, with more 300 staff working at key offices in the UAE, UK, USA, Australia, South Africa, Mexico and Cyprus.
In January it acquired Darlington-based Family First Financial Services for an undisclosed amount.
In June 2024 Hoxton acquired London and Southend IFA Devine Financial Management. In April last year, Hoxton acquired two UK-based Financial Planning firms, AUM Dudley-based Alpha Financial Services and Guildford-based Bartholomew Financial Planning.