St Albans- and London-based Lumin Wealth has acquired Hertfordshire-headquartered Chamberlain Stean and West (CSW) for an undisclosed sum.
The deal brings Lumin’s group assets under management to over £600m ($826m, €704m).
Chris West, owner and director of CSW, is retiring after the deal is completed.
Future deals
This is Lumin’s third acquisition after it bought London-based IFA Everett MacLeod in January 2020.
The firm said that the deal is part of its strategy of combining organic growth and partnering with advisers.
Martin Cotter, managing director of Lumin Group, said: “We know that our tried and tested integration formula provides an attractive new home for advisers and their teams, personalised to their requirements.
“Our plan puts the continuity of the client’s financial planning journey at the forefront of everything we do.
“We continue to look for similar firms who share our values to join the Lumin family.”
