IFA acquirer Loyal North has bought Kent-based firm Paul Wallis Financial Solutions (PWFS) for an undisclosed sum.
The IFA firm will join Loyal North’s regional firm H&D Financial Planning in Maidstone.
PWFS principal Paul Wallis will join H&D as a senior financial planner and will continue to deliver services to his clients.
The acquisition will bring £40m ($50.5m, €46.7m) of client funds to Loyal North and will boost the company’s presence in the south east of England.
Wallis said: “We have always believed in putting our clients first, and that is why H&D, combined with the personalised and regionalised approach of Loyal North, was the perfect fit for us. As part of Loyal North, we are also excited to access their central support team and resources, which will enable us to provide an even greater focus on our clients.”
Simon Evans and Will Green, managing directors of H&D, added: “We are both thrilled to welcome Paul and PWFS to the H&D team and the wider Loyal North group. This acquisition marks the first step in our growth plans to build Loyal North’s south east presence into a £300m truly holistic financial planning business.
“Paul has built an excellent business and we are looking forward to driving the next phase of growth for our combined businesses.”
Loyal North has made 11 acquisitions since its inception in 2017. In September 2022, International Adviser spoke with the company, which said it had acquired seven firms at the time.
