Welsh IFA Alchemy Advisory joins Beaufort Group

Plans to add “four or five” more firms in 2018

Victoria McKeever
clock • 1 min read

National IFA Beaufort Financial has established a presence in North Wales and Cheshire through the addition to its partnership of Alchemy Advisory Services, which is based in St Asaph, with another office in Chester.

The deal brings in some 500 private and corporate clients, as well as £65m in assets under management, and will see both offices rebrand as Beaufort Financial (St Asaph & Chester). Gaynor and Stephen Lyth, who set up Alchemy Advisory Services in 2004, have now joined the Beaufort Group along with a third adviser, Geoff Goodwin. He joined Alchemy in 2017 from HSBC, having worked for the bank in North Wales for more than 16 years. Revealing "plans to welcome another four or five firms to the group this year", Beaufort Group executive chairman Simon Goldthorpe said: "We are delighted Gay...

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 Companies

MKC Wealth makes double IFA acquisition

MKC Wealth makes double IFA acquisition

Both firms have been acquired for an undisclosed sum

Isabel Baxter
clock 25 November 2024 • 2 min read
Tavistock acquires asset manager and moves forward with Saltus advice sale

Tavistock acquires asset manager and moves forward with Saltus advice sale

Will receive £22m by 2 December

Isabel Baxter
clock 22 November 2024 • 2 min read
The Penny Group adds £90m of assets with Surrey planning firm buy

The Penny Group adds £90m of assets with Surrey planning firm buy

Chartered firm snaps up Whiting Financial

Isabel Baxter
clock 20 November 2024 • 2 min read