Strategic Expansion: Hoxton Wealth Bolsters UK Presence with Family First Acquisition
In a significant move to strengthen its foothold in the UK market, Hoxton Wealth, an independent financial advisory firm, has acquired Darlington-based Family First Financial Services, adding a substantial £85m ($104m) in assets to its portfolio. This strategic acquisition marks a major milestone in Hoxton Wealth’s growth trajectory, solidifying its position as a leading player in the UK financial services sector.
Comprehensive Financial Planning Expertise
Family First Financial Services brings a wealth of expertise in providing comprehensive financial planning services to its clients, including guidance on navigating unexpected life events, retirement planning, savings, investments, property purchases, and insurance needs. The firm’s specialized services also encompass advice on wills, potential inheritance tax liabilities, and the benefits of establishing trust funds.
A Strategic Fit for Hoxton Wealth
According to Thomas Maddison, Acquisitions Director at Hoxton Capital Management, “This acquisition is a strategic fit for Hoxton Wealth, significantly enhancing our presence in the north of the UK and further advancing our goal of delivering lifestyle financial planning at scale throughout the country.” Maddison expressed his gratitude to Mark Horner and Ian McFarlane at Family First for their collaboration throughout the process, highlighting their dedication to ensuring a smooth transition.
Seamless Integration
As part of the acquisition, Horner will oversee the transition period, introducing clients to their new Hoxton advisers and ensuring that all necessary steps are taken for a successful integration. This marks the fifth UK independent financial advisor (IFA) firm acquired by Hoxton Wealth in the past year, with Hoxton Capital Management’s assets under management now surpassing $2.2bn.
Global Reach and Ambition
Founded in the UAE in April 2018 by British expatriate Chris Ball, formerly with deVere Group, Hoxton Wealth has rapidly expanded its global presence, with 300 employees worldwide. This latest acquisition underscores the company’s commitment to delivering high-quality financial services and its ambition to become a leading global player in the industry.
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