Lumin Wealth is pleased to announce that it has acquired Ashridge Financial Management, a financial advice firm based in the South East in a deal brokered by Gunner & Co.
The acquisition will add more than £85m of assets under management to the Lumin Group and follows on from the recent purchase of Enhance Wealth Management.
Lumin Wealth is a financial advice and discretionary fund manager firm based in St. Albans and London. The acquisition builds on Lumin’s strategy of partnering with like-minded advisers who share the same high standards and commitment to client-centric solutions. Lumin provides a long-term and stable home for advisers and their clients who are looking for an alternative to the many private equity solutions in the marketplace.
A strategy of partnering up with compatible firms is supplemented by a new Adviser Academy, which is providing a pipeline of future adviser talent that will service clients as Lumin continues to grow. Lumin’s value-add approach sees the client remain centre stage at all times.
Martin Cotter, Managing Director of Lumin Group, said: “We are delighted to be able to work with an adviser of Gary Treen’s experience and quality, providing him and his team with a platform to continue to deliver quality financial advice to clients, while Lumin takes on the efficient administration of his business.
“This partnership further enhances Lumin’s ability to offer expert advice to a wider audience in line with our expansion plans.”
Gary Treen, Managing Director of Ashridge Financial Management, commented: “I am very pleased to be teaming up with such a forward-thinking firm, where an emphasis is placed on delivering a quality client experience at all times.
“This deal will enable me to concentrate on delivering financial advice, while taking a step back from the daily administration that running a smaller regulated firm entails. I look forward to working with the Lumin team as we embark on this exciting new journey together.”
To discuss the market for potential acquisitions, speak with our Senior Broker Joshua Lee and click here.
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales.