Newly established IFA and fund management firm One Four Nine Group has completed its third acquisition with the purchase of UK-based Total Wealth Planning (TWP) for an undisclosed sum.
The acquisition adds a further 12 staff members to the group and £240m assets under management, bringing the total group AuM to more than £540m ($729m, €646m).
The deal also brings over 1,000 clients, both direct and customers on TWP’s digital advice platform I2Day
The TWP team have amassed 100 years of experience in financial planning, offering a range of services to investors based in the south of England.
Gabrielle Beaumont, managing director at One Four Nine Group, said: “I have been working with the TWP team for a number of months now through the acquisition process and believe their people are a natural fit for One Four Nine given their dynamic and collegiate business values. We look forward to helping them do what they do best – looking after their clients’ financial interests.”
One Four Nine Group has been busy over the last few months, as it bought Charter Financial Planning and Rice Whatmough Crozier in October 2021 and then a month later, it rolled out an in-house DFM portfolio management arm.