Lumin Wealth Management has acquired London-based IFA firm Everett MacLeod (EM).
The financial terms of the deal were not disclosed.
EM has assets under management (AuM) in excess of £45m, which has increased Lumin’s AuM to £520m ($682m, €612m).
Mike MacLeod, managing director, will stay on with the firm to continue to provide continuity for clients.
Martin Cotter, managing director at Lumin Wealth, said: “We will continue to pursue further acquisitions in 2020 with businesses who align with our core principles and values and are already being approached by firms who are looking for a partnership which will allow their business to grow.”
This deal comes months after Lumin Wealth acquired Bedfordshire-based IFA Hyperion Financial Planning in April 2019, which was the first in the firm’s M&A pipeline.
