Wealth firm expands Yorkshire footprint with acquisition

Deal adds £40m in funds under management

Beverley, East Yorkshire, UK

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Yorkshire-based financial advice business Navigation Wealth Management has bought BRC Wealth Management for an undisclosed sum.

The deal is part of Navigation’s plans to expand its operations in east Yorkshire.

The BRC acquisition will add around £40m in funds under management, with owner Martin Baltazar joining Navigation’s financial advisory team.

Matt Hammond, chief executive of Navigation Wealth, said: “The acquisition will help support the recruitment of additional advisers in the east Yorkshire area, which will prove a huge asset for both our clients and stakeholders.”

Baltazar added: “By moving to Navigation Wealth Management, I am securing the services of a full professional team to support me and my clients in one go. This was a fundamental part of my decision as some clients have been with me for over 25 years – and the advice we give has the potential to make a real difference to their financial wellbeing.”

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