HFMC Wealth has acquired City-based R&S Financial Planning Ltd, in a deal which further strengthens its London office.
The deal will add around £680,000 of annual recurring revenue to HFMC Wealth, and assets under advice of £145m.
The average client size is £1.2m, which marries perfectly with HFMC Wealth’s high-net-worth proposition.
The transaction, which completed on 16 January 2023, will involve all R&S Financial Planning client-facing staff being retained, while director Vince Lane will continue to oversee his key client relationships.
The team will be strengthened further with Darren Berry joining the team on a full-time basis.
He has previously looked after private clients at UBS and holds the Chartered financial planner status. He is also a designated Trust and Estate Practitioner through STEP and is a fellow of the Personal Finance Society.
R&S advises more than 100 families, many of whom have been clients for decades and, in some cases, over multiple generations.
Commenting on the transaction, Lane said: “We have felt for some time that joining a larger firm…
