HFMC Wealth inks £350m deal for London firm Weston Cummins

Acquisition follows a £145m January deal for a City of London adviser 

Hope William-Smith
clock • 1 min read

High net worth (HNW)-focussed HFMC Wealth has acquired Weston Cummins and £350m of assets in its second acquisition for 2023.

The transaction was completed at the end of June and will see the London and Weybridge-based firm continue to build its presence in the capital. All staff at Weston Cummins - a Corporate Chartered firm - will be retained as part of the acquisition. The firm's majority owner and director Alan Weston said his central London business advises around 265 HNW families and that "the decision to join another firm was not an easy one". "For some time we had been considering whether we should grow our own business, take on more clients and advisers, or seek a partner that had already gone th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: Financial advice and the Evangelista effect

Andrew Goodwin: Financial advice and the Evangelista effect

'Future of advice lies in independence, approachability and affordability'

Andrew Goodwin
clock 10 May 2024 • 4 min read
Aviva integrates robotic process automation into platform capabilities

Aviva integrates robotic process automation into platform capabilities

Robotic process automation removes need for client by client process

Sahar Nazir
clock 09 May 2024 • 1 min read
Industry needs to move away from 'chunky and complicated' reports

Industry needs to move away from 'chunky and complicated' reports

‘You should remember that the UK is a nation of skim readers’

Isabel Baxter
clock 08 May 2024 • 2 min read