View more on these topics

Harwood acquires second advice firm for 2019

Advice firm consolidator Harwood has acquired Somerset-based IFA Castleton Financial Planning for £1.6m.

The purchase price is payable at 50 per cent on completion which is expected to be in April.

A further two instalments of 25 per cent each will be paid 12 months and 24 months after the completion date of the Castleton deal dependent on results.

Chair Peter Mann says: “This acquisition is our second for the year and in line with our strategy, has a strong cultural fit to the group. It’s pleasing to have started 2019 with the purchase of two quality businesses.”

There is also a “healthy pipeline” of acquisition opportunities ahead, Mann adds.

Harwood recently reported revenue growth of 26 per cent in its results for the year to 31 October 2018.

Assets under management at the same date were £1.7bn up 42 per cent from October 2017.

Harwood had £4.2m in cash available for acquisitions at the time of the results.

The consolidator completed nine acquisitions for a total of £10.9m between October 2017 and April last year.



Foster Denovo to launch investment platform

National advice firm Foster Denovo is in the early stages of building a platform for its in-house advisers, Money Marketing has learned. The platform is currently in the pilot stage and will provide access to Foster Denovo’s portfolio range. The firm already has an internal investment management company, Sequel Investments, with a platform adding a […]

Five minutes with…Strategic Solutions’ Kevin Forbes

Not just a leading financial planner in his own right, Kevin Forbes has also worked tirelessly in his local community to promote financial education. Ahead of his appreance at the Money Marketing Interactive conference, he talks his passion for helping in schools and the future of regulation. What is the most encouraging advice market trend […]

Aviva’s platform chief leaves company

Aviva platform boss Tim Orton has exited the business after leading a troubled replatforming project in 2018. Tim Orton was Aviva managing director of savings since 2017 and chief executive of the platform from 2014 until he left the company last week. Aviva’s platform was migrated from Bravura technology to FNZ technology in January 2018. […]


Adviser put into default over DB transfers raises money for appeal

A financial adviser whose firm was put into default after the FCA removed its defined benefit transfer permissions is crowdfunding to support a legal challenge. Shropshire-based Financial Page was formally declared in default in April 2017, alongside Merseyside firm Henderson Carter Associates. The two advice firms both had an appointed representative relationship with London-based lead generator […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm