Wimbledon-based IFA firm Holborn Financial has acquired the business of retiring financial adviser Gary Cook for an undisclosed sum.
Cook is the principal of IFA firm Gary Cook Financial Services of Maidstone, Kent.
This is the firm’s second acquisition of 2023 after it bought Whitchurch-based Kingsley Financial Management earlier this month.
Emyr Blease, managing director and founder of Holborn Financial, said: “Our aim is to expand in a measured and cautious way. We are keen to acquire the businesses of IFAs who are planning to retire.
“Many IFAs started their careers in the corporate world, working for banks, large investment, life and pension firms, before deciding to set up on their own. That is the path I took. I understand how these entrepreneurs, unfettered by corporate life, found the freedom to build businesses based on the highest possible standards of service, leading to lasting relationships with clients.
“When the time comes to retire, the overwhelming concern is that the clients are well looked after. We are delighted that that concern was fully addressed and that Gary chose Holborn Financial.”
The deal comes 18 months after wealth manager Alpha UK Holdings acquired a majority stake in Holborn Financial.
Alpha UK is an affiliate of AlphaWealth, a South African investment and advisory business that provides financial services to high net worth and family office clients.
