Consolidator One Four Nine acquires third adviser

Consolidator One Four Nine acquires third adviser

Consolidator One Four Nine has acquired a financial planning firm in the south of England.

The acquisition of Total Wealth Planning adds 12 employees and £240m of assets under management to the group.

This brings One Four Nine’s total AUM to £540m.

Total Wealth Planning offers financial planning services to investors in the south of England, and has a digital advice platform called i2day, which launched in 2016.

Gabrielle Beaumont, managing director at One Four Nine, said Total Wealth Planning was an “innovative business” with an “excellent” team.

“We are thrilled to add their impressive skills and capabilities to One Four Nine Group," she said.

“I have been working with the Total Wealth Planning team for a number of months now through the acquisition process and believe their people are a natural fit for One Four Nine given their dynamic and collegiate business values.”

One Four Nine is a consolidator targeting accountancy firms and other professional services firms that own or have a joint venture with financial advice firms, as well as stand alone financial advisers, particularly those with an interest in recommending tax efficient alternative investments, such as EISs and VCTs.

In October last year the firm launched with the acquisition of Charter Financial Planning and Rice Whatmough Crozier, two financial advisory firms totalling seven advisers and £300m in assets under management.

The firm also has a discretionary fund manager, One Four Nine Portfolio Management, which offers active, passive and sustainable model portfolios to clients.

The firm is run by two former employees of specialist investment manager Ingenious Media which invests in the media sector, including film and TV. 

It is headed up by chief executive Matthew Bugden, who spent 18 years at Ingenious, most recently as a director. Managing director Gabrielle Beaumont was a senior investment director at the same firm where she spent nearly 10 years.

The group’s chief investment officer, Dr Bevan Blair, was previously director of strategic asset allocation at Tilney Smith & Williamson.