IFA business MWA Financial has acquired London-based Sterling Financial Consultants and Cornwall-based The Financial Advice Centre (FAC).
These are the first deals to be completed by London-based MWA since it secured backing for its national expansion plans from alternative finance provider ThinCats in March. ThinCats' MWA funding injected an initial £8.5m into the business with a longer-term commitment of £15m. The transactions completed earlier this week and brings the number of acquisitions by MWA in the last two years to five. Its assets under advice now stand at £450m and its adviser headcount has reached more than 20. As part of the deal, Denise Wilkinson has joined MWA from Sterling Financial Consultants as a ...
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