Lumin Wealth is pleased to announce that it has acquired The Big Picture Wealth Management, a financial advice firm based in Essex.
The purchase will add around £85 million of assets under management to the Lumin Group, and is the sixth acquisition since 2019.
Lumin Wealth is a financial advice and discretionary fund manager firm, with offices in St. Albans, London and Cambridge. 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.
Martin Cotter, Managing Director of the Lumin Group, said: “We are delighted to welcome Ian Sedgwick and Jonathan Clark and their support team to Lumin Wealth.
“Their high levels of personal and business integrity and ethos of putting clients’ interests first will perfectly complement our existing culture here at Lumin. We look forward to working closely with Ian and Jon.
“We continue to look for similar firms who share our values to join the Lumin family. Our well-tested integration formula provides an attractive new home for advisers and their support staff, and we have a dedicated Integrations Manager who ensures a smooth transition for all parties.
“As always, the continuity of the client’s financial planning journey remains central to the big picture.”
Ian Sedgwick, CFP™ Chartered MCSI, Director at The Big Picture Wealth Management, commented: “We are very pleased to be partnering with Lumin Wealth. It was important to ensure we found a firm with a shared emphasis on delivering high-quality financial advice, allied to a personalised approach that sees the client remain centre stage at all times.”
Fellow Director Jonathan Clark ACII, CertPFS, said: “From what was a long list of interested acquirers Lumin stood out from the start. They were the perfect fit and soon became our number one choice. We were delighted they felt the same way and we now look forward to getting to know the whole team over the coming months.”
To discuss the M&A market, exit strategies and how to build value in your business, book a 45 minute confidential phone call with Managing Director Louise Jeffreys here.
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and wealth management acquisition.