Walker Crips acquires London discretionary firm in £4.2m deal

The acquisition, for which Walker Crips will pay an initial consideration of up to £4.2m, will see five BPAM team members join Walker Crips. These include managing director Geoff Wright and founder Pat Barker, who will continue as chairman of BPAM. The London-based wealth management business produced a profit attributable to members of £564,000 in the year to 31 March 2014, according to Walker Crips. It added that £192m of BPAM’s £229m in AUM is managed on a discretionary basis. The deal will increase Walker Crips’ own AUM by 12.5% to £2bn. "This is an important step in our cont...