This deal marks Advanta’s sixth acquisition in the past 18 months and adds £65mn in assets.
MW Wealth Management was established in 2005 and is an appointed representative of Advanta Wealth - the financial planning arm of Advanta Solutions.
Ken Anglestein, MW Wealth Management owner and director, said: “Working with Advanta will enable MW Wealth Management to significantly enhance its client proposition.
“The choice to partner with Advanta was an easy decision to make once it became clear that the two companies shared the same ethos and professionalism when considering client relationships and ongoing investment management."
Craig Webster, chief executive of Advanta, added: “We are delighted that MW Wealth Management has decided to become part of the Advanta team and that Ken, his clients, and staff are joining us. Ken has built a fantastic reputation with his clients and we look forward to working with him.”
He added: “As a chartered firm, we are totally focused on our clients needs and in doing so provide insight and understanding married with service, experience and knowledge.
“Continuing to raise the standards of advice and service is central to our strategy of creating a professional environment for our clients and their families.”
Back in October, Advanta Solutions bought three firms in Scotland, adding £100mn in AUM.
This included North Ayrshire-based SMG Financial Options, Perth and Kinross-based Ann Bellingham Financial Services and Renfrewshire-based M&I Independent Financial Services.
amy.austin@ft.com
