One Four Nine Group buys Castlegate Capital. Source: Shutterstock

Castlegate Capital, a Nottingham-based independent chartered financial planning company founded in 2016 and serving individual and corporate clients throughout the UK, has been bought by One Four Nine Group, an independent, nationwide financial advising and investment management organisation.

After a major concentration phase to completely integrate all enterprises into the organisation, the agreement represents One Four Nine Group’s tenth acquisition and its first of 2024.

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One Four Nine Wealth’s late 2023 launch was a significant turning point in the company’s development since it offered a strong foundation for starting to unify all regional sites under a single brand identification and guaranteeing the provision of a uniform client service offering throughout the United Kingdom.

The company’s financial planning division, One Four Nine Wealth, works in tandem with One Four Nine Portfolio Management to create one of the UK’s ideal wealth planning organisations, complete with an in-house Discretionary Investment Manager (“DIM”).

Castlegate Capital will rebrand as One Four Nine Wealth upon conclusion of the purchase, bringing the Group’s client assets to more than £1.6bn ($2.057bn), with over 30 financial advisers and around 5,000 clients.

Gabrielle Beaumont, chief executive officer, One Four Nine Group stated: “This is an exciting time of growth for One Four Nine Group. Investing heavily in the last 12 months in people, integration and client proposition across our regional locations has put us in a strong position to continue to attract some of the best firms in the market as part of our continued acquisition strategy. I’m delighted to welcome Castlegate Capital to the business. Their team were a natural fit for One Four Nine Group and share our vision of building an energetic, forward-thinking financial planning business with a clear focus on delivering excellent lifetime financial planning to our valued clients.”

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Sanjay Lukka, corporate development director, One Four Nine Group added: “The acquisition of Castlegate Capital is an important milestone for One Four Nine Group. Having joined the Group in August, I’m delighted that my first acquisition marks such a crucial step in our growth journey. This acquisition reinforces our commitment to expanding One Four Nine Group’s footprint in the Midlands and beyond. Castlegate Capital’s expertise and strong client focus aligns fully with our own, and I look forward to working alongside their talented team to continue to deliver more value to our clients.”