Companies  

Chadwicks snaps up client bank of UHY Hacker Young

John Chadwick, chairman of Chadwicks IFA, said the purchase of the servicing rights to the client bank of the former financial services arm of Chester-based UHY Hacker Young was another step in the firm’s growth plans.

The purchase, for an undisclosed sum, is the second Chadwicks has made recently following the acquisition of Warrington-based Cedarwood Financial Services in October 2012. The deal last year saw the value of funds under management increase to more than £100m.

Mr Chadwick said: “The acquisition of UHY’s client bank contains a significant proportion of business owners and we feel there is considerable scope to develop new business from this opportunity.”

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John Ierston, senior partner of UHY Hacker Young, said “I am pleased that we have reached agreement with Chadwicks as the preferred provider of financial services to those clients of UHY who are seeking advice.

“While we have always endeavoured to provide these services from within the firm in the past, this was becoming inefficient to do so and we are confident that Chadwicks’ expertise in this area will serve our clients well.”

The purchase comes as Chadwicks is in the process of developing a new-look website which is expected to go live by the end of November.

Background

Chadwicks IFA was founded in 1997 by John Chadwick

Advisers: six qualified advisers, including three chartered.

Chadwicks holds corporate chartered financial planner status.

The firm specialises in retirement seminars for public sector employers, such as local authorities and universities.