City of London-based boutique wealth manager MKC Wealth has bought IFA Holborn Financial for an undisclosed sum.
Holborn Financial managing director and founder Emyr Blease has joined MKC Wealth as a director, in which his role will focus on supporting the acquisition of the clients of retiring principals of other advisory businesses.
The firm’s team of four financial planners and five support staff have also joined as part of the deal and will continue to be based in its Wimbledon office. The business has been rebranded as MKC Wealth.
The deal – MKC Wealth’s seventh acquisition of 2023 – takes the business close to £1.5bn of assets under advice. The City of London-based firm now has 26 financial planners and a total team of 90 across three offices.
‘Measured growth’ strategy
“We continue our strategy of measured growth through the acquisition of like-minded businesses, including those of retiring financial advisers,” said MKC Wealth chief executive, Dominic Rose.
“The opportunity arose to merge with the Holborn Financial team and, having got to know them and their approach, it was very clear we have the same outlook and philosophy. We are building something similar – the client is truly put at the heart of everything – so rather than doing it separately we decided to do it together.”
For his part, Blease said the deal was “the right strategic move for all concerned”. “We have built up a successful business advising discerning private clients, individuals who run and manage their own businesses and those in or seeking a comfortable retirement,” he continued. “My duty and that of my colleagues to these clients remains. We will ensure they will be very well looked after.”
