Independent, nationwide financial advice and investment management firm One Four Nine Group has acquired Nottingham-based Castlegate Capital, an independent chartered financial planning business established in 2016 catering to private and corporate clients across the UK.
The deal is the tenth acquisition for One Four Nine Group and the first of 2024 following a significant period of focus to fully integrate all firms into the business, it said in a statement today (6 November).
The launch in late 2023 of One Four Nine Wealth was an important moment for the evolution of the business, providing a robust platform to begin uniting all regional locations under one brand identity and to ensure the delivery of a consistent client service proposition across the UK.
One Four Nine Wealth is the financial planning arm of the business, operating alongside One Four Nine Portfolio Management to form one of the UK’s leading wealth planning firms with in-house Discretionary Investment Manager (DIM).
Castlegate Capital will rebrand to One Four Nine Wealth upon completion of the transaction taking the Group’s client assets to over £1.6bn with over 30 financial planners and c. 5,000 clients.
Gabrielle Beaumont, chief executive officer, One Four Nine Group said: “This is an exciting time of growth for One Four Nine Group. Investing heavily in the last 12 months in people, integration and client proposition across our regional locations has put us in a strong position to continue to attract some of the best firms in the market as part of our continued acquisition strategy.
“I’m delighted to welcome Castlegate Capital to the business. Their team were a natural fit for One Four Nine Group and share our vision of building an energetic, forward-thinking financial planning business with a clear focus on delivering excellent lifetime financial planning to our valued clients.”
Sanjay Lukka, corporate development director, One Four Nine Group said: “The acquisition of Castlegate Capital is an important milestone for One Four Nine Group. Having joined the Group in August, I’m delighted that my first acquisition marks such a crucial step in our growth journey.
“This acquisition reinforces our commitment to expanding One Four Nine Group’s footprint in the Midlands and beyond. Castlegate Capital’s expertise and strong client focus aligns fully with our own, and I look forward to working alongside their talented team to continue to deliver more value to our clients”
