South African wealth management firm buys UK financial planner
South Africa-based consulting firm AlphaWealth has taken a controlling stake in London-based financial planner Holborn Financial.
AlphaWealth has created a new UK subsidiary, Alpha UK Holdings, to acquire the Wimbledon-based licensed financial planning firm.
Founded in 2005 with global assets of over R11 billion (Â£ 550 million), Alpha Wealth already has a presence in various international financial centers including Johannesburg, Cape Town, Durban, London, Geneva and Mauritius.
Alpha has decided to expand its presence in the UK through this acquisition to support the growth of Holborn Financial. ”
It provides investment and wealth planning services to high net worth individuals, family offices, institutions and charities.
Holborn Financial has three advisors and five support staff. He advises 150 entrepreneurs and private clients with around Â£ 150million in assets under influence.
Emyr Blease, who founded the company in 1988, will continue as Managing Director of Holborn Financial while Nigel Speirs takes on board as Chairman.
Kerry Fynn, CEO of AlphaWealth Group, said: âWe are delighted to be able to partner with the Holborn Financial team and this acquisition marks the start of an exciting new chapter for both of us as we grow the business together. . Alpha has decided to expand its presence in the UK through this acquisition to support the growth of Holborn Financial and we are very excited to be making this trip with the Holborn team. “
Blease said, âWe have built a successful business advising discerning private clients, individuals who run and manage their own businesses and those who are taking or seeking a comfortable retirement. We share the same values ââas Alpha, primarily by providing excellent levels of personalized service. We look forward to growing our business both organically and through acquisition. Alpha’s expertise, resources and support will be critical to the successful deployment of the merged businesses. “
Speirs, who advised the case, said: âI look forward to working with Emyr and the Alpha team to build Holborn Financial in the UK. . “