Luton-based IFA firm Wealth Matters has acquired the clients of Poptani Financial Solutions’ pensions and investment business, according to M&A consultancy firm and broker Gunner & Co.
The deal is Wealth Matters’ fifth acquisition.
It was already in progress when the coronavirus pandemic took hold, and both businesses were keen to continue despite the backdrop.
The structure of the deal was tweaked to reduce risk to both parties, with the help of Gunner & Co.
The financial terms of the acquisition were not disclosed.
Magician
As part of the agreement, Jim Poptani, owner of Poptani Financial Solutions, will continue to offer protection advice among other services, while handing the majority over to Wealth Matters as he plans a retirement centred around his hobby as an amateur magician.
Poptani said: “Finding the right buyer for my business was so important – it’s not just about the financials.
“The key to the right deal is knowing my clients will be well looked after, and I am confident Wealth Matters will exceed mine and my clients’ expectations.”
Julian Gilbert, director at Wealth Matters, added: “We’re an ambitious business, and it was a pleasure to use Gunner & Co to help us actively grow through acquisitions.
“Poptani Financial Solutions was a good match for us in terms of geography, clients and service offering.”
