Clarion Wealth Planning owner Ron Walker has sold 60% of his shareholding to his management team 39 years after establishing the business.
The management buyout (MBO) at the Alderley Edge-based financial planning business sees John Winstanley take over running the firm along with four other directors. Walker, a founding member of the Institute of Financial Planning and now part of the Chartered Institute for Securities & Investment, will remain with the firm for at least five more years. Chairman Keith Thompson will also remain in place. Walker founded Clarion Wealth Planning in 1985 and was a "pioneer" in fee-based financial planning, the firm said. The deal sees the management team buy 60% of the shares in the prev...
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