Engage Financial Services has completed its first acquisition with the purchase of Henley-On-Thames-based Kench & Co Financial Services for an undisclosed sum.
The transaction adds around £20m ($22.5m, €23m) in assets under management as well as 27 client families.
Kench & Co Financial Services directors John Rook & Eric Kench are helping the transition of clients to Engage before stepping down and retiring.
Sam Sloma, managing director of Engage Financial Services, said in a LinkedIn post: “We aim to continue the excellent work Kench & Co have done for the families they’ve looked after.
“This purchase will help build out our processes for people transitioning away from work to the work optional stage of life. We’re keen to speak to more businesses if any likeminded firms are thinking they’d like a change in their lifestyle.”
The firm told International Adviser that it is currently working on deals but they are close yet. It hopes to complete some acquisitions before the end of 2023
Engage Financial Services has two offices in London – one based in Kings Cross and the other in Whetstone.