International advice firm Hoxton Capital Management has bought its third firm this year.
The firm, which has offices in the UK, UAE, USA, Australia, South Africa and in Europe, has bought Devine Financial Management which operates in Southend and London.
Devine Financial Management works mostly in the pensions and investments arena, especially in income drawdown, relevant taxation advice and managing client funds within pension, Isa and general investment portfolios.
Thomas Maddison, acquisitions director at Hoxton Capital Management, said: “We are delighted to announce the acquisition of Devine Financial Management, marking our third strategic acquisition this year, and taking Hoxton to over £1.6bn of assets under management.
“The company has a reputation for delivering exemplary holistic financial advice, serving professional clients across the south-east. This acquisition significantly enhances our local presence throughout the south, providing a robust foothold for our continued growth.”
It follows the recent purchases of Dudley-based Alpha Financial Services and Guildford-based Bartholomew Financial Planning.
Alpha Financial Services has £80mn worth of assets under management and serves more than 300 families and corporate clients across the West Midlands.
Bartholomew services 80 clients and concentrates on personalised holistic financial planning.
Back in April, Hoxton Capital Management added a feature to its app to help clients with their wealth planning.
At the time, chief executive of the firm, Chris Ball, said that, for those who aspire to achieve financial clarity and plan for a secure retirement, WealthFlow would provide a “comprehensive tool” for proactive users.
This would allow them to “model their wealth, manage their assets, and determine an optimal retirement age”.
amy.austin@ft.com
