Loyal North has completed a double acquisition of IF Wealth based in Hertford and Powell Financial Planning in Chelmsford.

The deals will bring in a combined £56mn of client funds. Both firms will become part of Loyal North’s regional hub, Gerald Pepper Financial Management (GPFM).

Grant Hazard of IF Wealth will assist GPFM with overseeing the transition and integration of his clients prior to his retirement.

Hazard commented: “It was so important that my clients went to the right home and having known both Simon and GPFM for many years, and understanding the client-centric approach of Loyal North, made them the natural choice for me my clients.”

Powell FP shareholder and Chartered financial planner Colin Powell will join GPFM as a senior financial planner. Fellow shareholder and paraplanner Katherine Waspe Powell will join GPFM as a senior paraplanner.

In a joint statement, Powell and Waspe Powell added: “Our business has prided itself on providing excellent financial planning, putting our clients at the heart of what we do and that is why the great team at GPFM, and the personalised and local approach of Loyal North made them the perfect choice and cultural fit for us and our clients.

There are many similarities in what we and GPFM do for clients and how we deliver financial planning, and we felt that it was a natural home for us.”

Debbie Dry, group acquisition director of Loyal North, said: “It was important that the shareholders of both Powell Financial Planning and IF Wealth found the best home for their clients and, with an existing local firm of scale in the same region, we believed that we were the perfect fit.

These are two further great acquisitions for us, and we welcome Colin and Katherine and both sets of clients to GPFM and the Loyal North family. We also wish Grant the best for his retirement, and he can retire knowing that his clients are in the best of hands.”

GPFM joint managing directors Scott Atkinson and Simon Frost said: “We felt that there was great cultural alignment in terms of client approach and proposition and so strongly believed that we are the right future home for both Colin and Katherine and their clients.”

 

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