Clifton Wealth Partnership (CWP) has acquired the Essex-based financial planning firm Cutting & Carter.
The deal brings in approximately 500 new clients and £60m in assets.
Cutting & Carter has operated from Maldon for 25 years, providing advice to individuals and families across the county.
The firm’s two directors, Steve Carter and Gary Smith, have both worked in financial services for more than 40 years.
They will remain involved in the business for up to two years to oversee the transition to CWP and maintain continuity for clients.
Their involvement will taper gradually, with each expecting to retire within 12 to 24 months.
CWP is part of Bristol-based Clifton Group, which has over 15,000 clients, 180 employees and £3.55bn in assets under management.
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Anthony Carty, managing director at CWP (pictured), said: “We recognise that selling a business built over decades is a significant decision. Our role is to provide reassurance and structure, so that clients continue to receive consistent advice and service.
“With Cutting & Carter, there has been a clear alignment in values and approach. We have taken time to build that understanding, and that has supported a smooth transition.”
Smith said: “This has been a long and detailed process, and it has not happened overnight. We took time to understand Clifton and how they operate. They have been professional, friendly and hard-working throughout. We are confident our clients will be in capable hands with the new team.”
Carter added: “CWP have a strong team in place, and that has helped make the transition as smooth as it could be. This isn’t a process we’ve experienced before, but we have felt supported at every stage.
“On behalf of the team at Cutting & Carter, I want to extend a huge thank you to our clients, who have put their trust in us over the years.”
Image © Barbara Evripidou/FirstAvenuePhotography.com
