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

Schroders warns advisers: 'Nowhere to hide' from FCA's SDR

Schroders warns advisers: 'Nowhere to hide' from FCA's SDR

Rich Fox sheds light on firms’ readiness for upcoming SDR

Sahar Nazir
clock 14 May 2024 • 1 min read
Adviser supply and demand imbalance 'a pressing issue'

Adviser supply and demand imbalance 'a pressing issue'

James Rainbow underscores urgency of attracting new advice talent

Sahar Nazir
clock 14 May 2024 • 2 min read
Two-thirds of IFAs and wealth managers now advising on cash

Two-thirds of IFAs and wealth managers now advising on cash

There has been a 47% increase in cash advice over the last three years

Isabel Baxter
clock 14 May 2024 • 3 min read