Acquisition lifts Clifton Asset Management’s AUM to £970m
Its second M&A deal this year added £130m
Its second M&A deal this year added £130m
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It is the group’s fifth acquisition of the year
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Its fourth M&A deal of 2022 having bought two DFMs and a wealth solutions provider
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Preservation Capital Partners and Assetco acquired the business just 18 months ago for £102m
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Deal forms part of adviser platform’s ‘ambitious growth strategy’
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Solomon acquired Beaufort Financial and You Asset Management in June
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It now has £7.7bn in assets under influence
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Taking total assets under advice to more than £1bn
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Adding £330m to AUM with more deals set to complete later this year
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Deal adds £252m of assets under advice
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Deal brings AUM to £800m, staff to 70 and clients to around 2,500
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Backing will ‘significantly accelerate’ UK wealth firm’s current growth plans
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