Southport-based Ludlow Wealth Management has acquired Ivan A Hargreaves & Co for an undisclosed sum.
Scant details were provided, but it was backed by private equity firm Moebus and follows deals to buy two firms in June.
The first was the financial planning division of Liverpool-based A Letton Percival & Co, while the second acquisition was for an unnamed firm in the north-west of England.
Plans to grow
Justin Maltz, the Mobeus partner who sits on the board at Ludlow, said “there is a strong market opportunity for consolidation in the wealth management sector”.
Ludlow established debt facilities with Santander Growth Capital in December 2018 and has plans for additional bolt-on acquisitions.
To date, the wealth firm has made 15.
It operates out of seven offices in Southport, Blackburn, Preston, Burnley, Flyde, Liverpool and Edinburgh.
