Cheshire-headquartered Monetary Planner Foresight Wealth Group has acquired £120m AUM native recommendation agency Cassons Monetary Planning.
The deal is the second for Foresight which made its first acquisition in 2022 with the acquisition of Bury-based IFA Platinum Socially Accountable Investments.
The worth paid for each acquisitions has not been revealed.
Foresight says its second takeover marks a “key milestone” in its formidable long run progress plans.
The deal provides over £120m in property and 700 purchasers to Foresight’s portfolio, which is handled by its Chartered Monetary Planning arm, Foresight Wealth Strategists.
Foresight will take over Cassons’ Burnley places of work and workers.
Simon Sales space, CEO of Foresight Wealth Group, mentioned: “We’re thrilled to finalise the acquisition of Cassons and welcome its crew and purchasers to Foresight. Cassons is a perfect match for us, sharing our tradition and client-centric strategy.
“Our major focus is in managing a seamless handover, offering a continuity of service to our new purchasers, and constructing on the planning that Cassons has supplied. We’re devoted to creating certain that purchasers really feel valued and well-supported by providing skilled recommendation all through their monetary journey.
“This acquisition types a part of our wider strategic imaginative and prescient for sustained progress at Foresight and we are going to proceed to discover alternatives to work and be a part of with different firms that share our ethos and dedication to delivering high-quality service to purchasers.”
Burnley-based Cassons Monetary Planning traces its roots again to the early Nineteen Nineties and the deal will permit director Steven Greenwood to retire.
Mr Greenwood mentioned: “Guaranteeing a robust continuity of service was a key issue for me on this course of, and I’m assured that the crew at Foresight is not going to solely handle this handover interval efficiently however will even present Cassons’ purchasers with glorious ongoing service and assist for his or her Monetary Planning wants.”
Foresight relies in Hale, Cheshire. Its planning arm Foresight Wealth Strategists is a Chartered Unbiased Monetary Planning follow and specialises in offering holistic Monetary Planning recommendation for its purchasers, who’re primarily professionals, enterprise house owners and high-net-worth people.