Cheshire-headquartered Financial Planner Foresight Wealth Group has acquired £120m AUM local advice firm Cassons Financial Planning.

The deal is the second for Foresight which made its first acquisition in 2022 with the purchase of Bury-based IFA Platinum Socially Responsible Investments.

The price paid for both acquisitions has not been revealed.

Foresight says its second takeover marks a “key milestone” in its ambitious long term growth plans. 

The deal adds over £120m in assets and 700 clients to Foresight’s portfolio, which is dealt with through its Chartered Financial Planning arm, Foresight Wealth Strategists. 

Foresight will take over Cassons’ Burnley offices and staff.

Simon Booth, CEO of Foresight Wealth Group, said: “We are thrilled to finalise the acquisition of Cassons and welcome its team and clients to Foresight. Cassons is an ideal fit for us, sharing our culture and client-centric approach.

“Our primary focus is in managing a seamless handover, providing a continuity of service to our new clients, and building on the planning that Cassons has provided. We are dedicated to making sure that clients feel valued and well-supported by offering professional advice throughout their financial journey.

“This acquisition forms part of our wider strategic vision for sustained growth at Foresight and we will continue to explore opportunities to work and join with other companies that share our ethos and commitment to delivering high-quality service to clients.”

Burnley-based Cassons Financial Planning traces its roots back to the early 1990s and the deal will allow director Steven Greenwood to retire.

Mr Greenwood said: “Ensuring a strong continuity of service was a key factor for me in this process, and I am confident that the team at Foresight will not only manage this handover period successfully but will also provide Cassons’ clients with excellent ongoing service and support for their Financial Planning needs.”

Foresight is based in Hale, Cheshire. Its planning arm Foresight Wealth Strategists is a Chartered Independent Financial Planning practice and specialises in providing holistic Financial Planning advice for its clients, who are mainly professionals, business owners and high-net-worth individuals.