Clifton Wealth Partnership (CWP) has completed its acquisition of financial planning firm Cutting & Carter as it continues to support established advice businesses through succession and long-term integration.
Cutting & Carter is a Maldon-based financial planning firm serving clients across mid Essex and brings approximately 500 active clients and £60m of assets under management to the partnership.
The firm’s two directors, Steve Carter and Gary Smith, will remain involved in the business for up to two years to oversee the transition to CWP and maintain continuity for clients before they retire.
Clifton Wealth Partnership is part of the Bristol-based Clifton Group, which has over 15,000 clients, 180 employees and £3.55bn in assets under management.
Smith said: “This has been a long and detailed process, and it has not happened overnight. We took time to understand Clifton and how they operate. They have been professional, friendly and hard-working throughout. We are confident our clients will be in capable hands with the new team.”
Anthony Carty, managing director, Clifton Wealth Partnership, comments: “With Cutting & Carter there has been a clear alignment in values and approach. We have taken time to build that understanding, and that has supported a smooth transition.
“We continue to invest in the systems and people that allow us to integrate firms carefully and effectively. That matters for clients, and it matters for the advisers we partner with.”
