Wealth manager Alpha UK Holdings has acquired a majority stake in Wimbledon-based IFA firm 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.
Holborn Financial has a team of three advisers and five support staff and advises some 150 business owners and private clients with around £150m ($208m, €175m) of assets under influence.
Emyr Blease, who founded Holborn Financial in 1988, will continue as managing director and Nigel Speirs will join the business as chairman.
UK expansion
Kerry Fynn, AlphaWealth Group chief executive, said: “We are delighted to be able to partner with the team at Holborn Financial and this acquisition marks the beginning of a new and exciting chapter for both of us as we collaboratively grow the business.
“Alpha has decided to expand its UK presence through this acquisition to support the growth of Holborn Financial and we are very pleased to be on this journey with the Holborn team.”
Blease added: “We have built up a successful business advising discerning private clients, individuals who run and manage their own business and those in or seeking a comfortable retirement.
“We have the same values as Alpha, primarily providing excellent levels of personal service. We look forward to growing our business both organically and through acquisition. Alpha’s expertise, resources and support will be fundamental to the successful roll out of the merged firms.”
