Hoxton Wealth, an independent financial advisory firm, has added over £85m ($104m) in assets to its books by buying Darlington-based Family First Financial Services.
This agreement further deepens Hoxton Wealth's presence in the UK market.
Families First has expertise in assisting clients through unexpected life events, retirement planning, savings and investments, property purchases, and a variety of insurance needs.
The company offers comprehensive financial planning services, including advice on wills, potential inheritance tax liabilities, and the benefits of setting up trust funds.
Hoxton Capital Management's director of acquisitions, Thomas Maddison, said: “This acquisition is a strategic fit for Hoxton Wealth, significantly enhancing our presence in the north of the UK and further advancing our aim to deliver lifestyle financial planning at scale throughout the country.
“I want to extend my thanks to Mark Horner and Ian McFarlane at Families First for their cooperation throughout this process.
“Their dedication has been key to ensuring a smooth transition. Horner will personally oversee the hangover phase, introducing clients to their new Hoxton advisers and ensuring that all necessary steps are taken for a successful integration.”
This acquisition marks the fifth independent financial adviser (IFA) firm in the UK that Hoxton Wealth has taken over in the past year.
Hoxton Capital Management's assets under management have now exceeded $2.2bn.
Founded in the UAE in April 2018 by British expat Chris Ball, formerly of deVere Group, the company now has 300 employees globally.
“Hoxton Wealth acquires UK First Family Financial Services” was originally created and published by International Private Bankerbrand owned by GlobalData.
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