ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.

Wealth manager acquires Surrey firm

As it looks to expand its service proposition across the southeast

|

Vintage Wealth Management has bought Corfe Wealth Management as part of its ongoing acquisitive and organic growth strategy.

Founded by Christopher Webb in 2011, Corfe is based in Surrey.

After helping to ensure a smooth integration of the business, Webb will remain with the firm as a client-facing adviser within the group with a broader remit to expand the Vintage service proposition across the southeast of England.

Financial details of the transaction were not disclosed.

Wider opportunities

John Morton, chief executive of Vintage Wealth Management, commented: “The decision to acquire Corfe Wealth Management is a natural stepping-stone in our expansion plans to grow by targeted acquisitions alongside our continued organic growth; driven, in part, by our joint venture partners and the recruitment of new advisers.”

Webb added: “For some time it had been evident that, for the ultimate benefit of our clients, Corfe should seek to partner with a larger firm who could provide the additional support and resources that we were looking for in an increasingly challenging marketplace, both in terms of scale and economic backdrop; while also ensuring that we could continue to deliver those clients a ‘best in market’ service offering.

“A link-up with Vintage offered clear synergies, wider opportunities for the enlarged grouping and an enhanced service capability – all of which were prime motivators for us.

“Since starting our discussions the transition process has progressed remarkably smoothly.

“This I put down to the fact that a clear plan was put in place and implemented from the outset. We have the support that we were promised and can already see the benefit.

“I truly believe that this is an exceptional opportunity for all concerned.”

Latest Stories