MWA Financial has acquired Prosperity Financial Advisors & Stockbrokers, renewing its acquisition drive to become a national IFA.
The acquisition of the Hampshire-based firm takes MWA's assets under influence to £300m. The deal adds a team of 8-10 advisers to MWA, taking its total adviser headcount to 15. Prosperity, which said it had offers from 10 other companies, will keep its branding and co-founders Mark Newman and Jasper de Zoeten will remain in their roles until the transition is complete. A spokesperson for MWA said it would remain active in the business for the foreseeable future, helping with the transition and future development of the venture. MWA is planning to make other acquisitions over the next...
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