Private equity-backed Clifton Wealth Partnership (CWP) has acquired and integrated two financial planning firms,Grovebridge Financial, based in Yorkshire and Clifton Business Consultancy, based in Bristol, adding £146m in assets under management (AUM).

Grovebridge Financial, based in Bingley, has worked with 200 families across Yorkshire for the past decade. Director and Chartered Financial Planner Paul Smith will remain with the business, while fellow director Hilary Stephenson will retire.

Hilary Stephenson said: “We spent a considerable amount of time understanding the potential purchasers in the market. CWP stood out because they are closely aligned to our culture, values and views of how clients really are the central pillar of our profession and how best to provide for their future needs.

“We are impressed with CWP’s forward-thinking approach and use of technology to enhance the service proposition.”

Clifton Business Consultancy, meanwhile, has been serving clients in Bristol for 16 years. Director Bob Thomas will continue with the firm, while co-director Michael Lloyd is set to retire.

Michael Lloyd said: “Building this business has been one of the greatest accomplishments of my life, and I am proud of what we’ve achieved together.

“As we looked toward the future of the company, we thought long and hard about who we could trust to carry on the values and service standards we’ve worked so hard to uphold. After careful consideration, we are confident in our decision to align with CWP.

“Their approach, ethos, and commitment to clients mirror our own, and we believe this transition will ensure a continued high level of service and care for all our valued clients.”

 

If you are looking to sell your business, find out more about the selling process and how Gunner & Co. can help you. Book a meeting with our Head of Brokerage Gwill here