Focus Financial Partners subsidiary Connectus Wealth Advisers has agreed to buy Cheshire-based Watterson Financial Planning.
The deal is expected to close in the first quarter of 2021, subject to customary closing conditions.
US-based Connectus is a “global consortium” of client-centric advisers that deliver wealth management advice through “access to expanded services, shared resources and best practices”.
The firm is part of Focus Financial, which is a partnership of independent, fiduciary wealth management firms in the US.
Watterson Financial Planning is an independent financial planning firm based in Knutsford, Cheshire, and provides investment management and holistic financial planning, including retirement, inheritance, tax and insurance planning, to high net worth individuals and corporate clients located throughout the UK.
Global ambitions
Rajini Kodialam, co-founder and chief operating officer of Focus, said: “Watterson Financial Planning will be Connectus first expansion into the UK and we could not be more excited to partner with a firm that brings the reputation and entrepreneurial spirit that is so critical to the success of independent firms.
“Joining Connectus will enable Craig and his team to access a network of like-minded advisers, broaden their capabilities, and continue to provide the high-quality experience their clients are accustomed to.
“This transaction will build on the growth and evolution of Connectus in the US and Australian markets and highlights the value of Connectus’ model globally.”
Craig Watterson, director of Watterson Financial Planning, added: “We are very pleased to be joining Connectus. The partnership will enable us to maintain our highly personalised client service model while providing access to the resources and expertise necessary to enhance our existing client experience and ensure continuity for both our clients and employees.
“Connectus will provide the reach and scale of a global partnership without compromising the boutique nature of our firm.”
The financial terms of the deal were not disclosed.
