MKC Wealth has acquired Holborn Financial, an independent financial adviser (IFA) based in South West London, which is its seventh acquisition of the year so far. The acquisition takes MKC Wealth to almost £1.5 billion in assets under advice, while its team grows to 26 financial planning staff and a total headcount of 90 staff across three UK offices.
Holborn Financial’s team comprises four financial planners and five support staff, who will all join MKC Wealth following the deal, while the firm will continue to operate from its Wimbledon office. Holborn will rebrand as MKC Wealth and its managing director Emyr Blease will join the company as a director with a focus on supporting the acquisition of the clients of retiring principals of advice businesses.
Blease said that the deal was “the right strategic move for all concerned” and that Holborn had “built up a successful business advising discerning private clients, individuals who run and manage their own businesses and those in or seeking a comfortable retirement”.
MKC Wealth was launched in 2021 by former Quilter executive Dominic Rose and is backed by private equity firm Cabot Square Capital.
Rose commented: “We continue our strategy of measured growth through the acquisition of like-minded businesses, including those of retiring financial advisers.”
Rose added: “The opportunity arose to merge with the Holborn Financial team and, having got to know them and their approach, it was very clear we have the same outlook and philosophy. We are building something similar – the client is truly put at the heart of everything – so rather than doing it separately we decided to do it together.”
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales
To discuss the market for potential acquisitions, speak with our Head of Brokerage Gwill Evans and click here.