Garbutt + Elliott Wealth Management has acquired Yorkshire wealth firm HKA FS for an undisclosed sum.
Founded in 2003, HKA provides wealth management services and has over £250m ($346m, €291m) of assets under advice, creating a combined position for G+E Wealth Management of around £750m post acquisition.
HKA operates from offices in York and Leeds and works with individuals and family businesses in Yorkshire and across the UK.
All staff will remain in the business with seven financial planners moving across to the G+E Wealth Management team, bringing the total number to 20.
HKA’s director David Booth will remain with the firm, joining the G+E Wealth Management board.
The deal was supported by alternative finance provider ThinCats.
‘Benefit greatly’
Rob Simpson, managing director, G+E Wealth Management, said: “We are delighted to complete the acquisition of HKA which makes us one of the largest privately owned advice firms in the region.
“It will be business as usual for both of our clients at HKA and G+E Wealth Management who will benefit greatly from the combined expertise and knowledge of our teams and provide access to Garbutt + Elliott’s wider accountancy services.
“HKA is an impressive firm with an excellent reputation and I’m looking forward to welcoming David and his team to the group.”
