Financial advice and fund management firm One Four Nine Group has acquired Nottingham-based HFL Financial Advisers for an undisclosed sum.
It marks the firm’s sixth M&A deal since it launched in October 2021.
HFL was set up in 2013 by Peter Haigh, Peter Frogson and Nic Lewis, and offers advice on pensions, investments, mortgages and financial protection across the East Midlands.
Once completed, One Four Nine will have a headcount of 80 and manage more than £1bn ($1.1bn, €1.14bn) of asset on behalf of 3,000 clients across the UK.
The firm has also entered into a long-term financing arrangement to support its “growth journey”, putting it “in a strong position to avail of further acquisition opportunities”, it said.
One Four Nine Group chief executive Matthew Bugden added: “I have personally known the senior team at HFL for many years, therefore it is incredibly rewarding to be able to welcome them to the One Four Nine family and bring their considerable expertise to our team.
“Having a firm of HFL’s quality choose One Four Nine as their home is an excellent endorsement of our leadership team, company values and culture – a collaborative environment where financial advisers and their teams are supported with market leading technology and infrastructure.”
Managing director Gabrielle Beaumont said: “The acquisition of HFL marks a significant moment in the evolution of One Four Nine – coming within one year of the Group’s launch and brings us to a milestone £1bn of client assets – a target our team has worked exceptionally hard to achieve.
“With an expanding team across Scotland, the East Midlands, the north and the southeast, we have carefully grown our senior leadership capability and built the foundation needed to integrate new and existing team members, creating a sense of unified purpose and brand identity.
“With all that has been achieved in our first year, and further quality adviser firms to bring into the One Four Nine fold, we are hugely excited about what our second year will bring.”
In its first year, One Four Nine acquired Preston-based Charter Financial Planning and Greater Manchester-based Rice Whatmough Crozier, as well as Total Wealth Planning.
July saw the firm enter the Scottish market with the acquisition of Glasgow-based APC Financial Solutions & Consultancy Services. A month later is bought Aberdeen-based Russell Gibson Financial Management.
