Focus Financial Partners partner firm Connectus Wealth Advisers is set to expand into the UK with the acquisition of Watterson Financial Planning.
Financial terms of the deal were not revealed.
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Based in Knutsford, Cheshire, Watterson Financial Planning is an independent financial planning firm.
It provides investment management and holistic financial planning, including retirement, inheritance, tax and insurance planning, to HNW individuals and corporate clients across the UK.
Speaking on the deal, Watterson Financial Planning director Craig Watterson said: “The partnership will enable us to maintain our highly personalised client service model while providing access to the resources and expertise necessary to enhance our existing client experience and ensure continuity for both our clients and employees.
He added: “Connectus will provide the reach and scale of a global partnership without compromising the boutique nature of our firm.”
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By GlobalDataConnectus is a consortium of global advisers that offers wealth management advice through access to expanded services, and shared resources.
Focus co-founder and COO Rajini Kodialam said: “Watterson Financial Planning will be Connectus first expansion into the UK. and we could not be more excited to partner with a firm that brings the reputation and entrepreneurial spirit that is so critical to the success of independent firms.
“Joining Connectus will enable Craig and his team to access a network of like-minded advisers, broaden their capabilities, and continue to provide the high-quality experience their clients are accustomed to. This transaction will build on the growth and evolution of Connectus in the US and Australian markets and highlights the value of Connectus’ model globally.”
This deal is expected to complete in the first quarter of this year.
Recently, private equity firm AnaCap Financial Partners agreed to purchase Novia Financial, which is Britain’s third-largest independent investment and wrap platform by AuM.
