Kreston Reeves Financial Planning, part of the Craven Street Wealth group, has acquired Kent-based Tarvos Wealth for an undisclosed sum.
The deal comes as Tarvos managing director Simon Ludden is set to retire.
Tarvos Wealth has 18 financial planners, nine with chartered status. All financial planners; including Nick Dodd, Louise Simpson-Brown and director Ruth Dolan will remain within the business alongside paraplanners and the client support team.
The firm will continue to operate from its Canterbury office.
Retirement
Tom Barnett, managing director of Craven Street Wealth and Kreston Reeves Financial Planning, said: “We are delighted to have completed this acquisition at an important stage of our plans for development after detailed discussions over an extensive period of time.
“I would like to thank the Tarvos shareholders for recognising the value in combining the businesses. Not only does the combined business provide additional scale which we intend to embrace for the enhancement of services to clients, but also expands our advice team which operates with an exceptionally broad range of skills and professionalism.
“We very much look forward to making announcements on our plans as they continue to develop.”
Ludden added: “In my view, the firms are a perfect fit, with our experience working with the legal profession and theirs with accountants. We are very excited about the possibilities that this brings for our staff and our clients and though I shall be looking forward to my retirement, part of me wishes that I could stay on to watch the company grow.”
