The Investments team at Thistle Initiatives was engaged by expanding wealth manager and financial planner Craven Street Wealth to undertake compliance due diligence to acquire the London-based Bernard Barrett Associates.
The deal, for an undisclosed sum, boosts Craven Street Wealth’s assets under advice to c.£1.25bn. The acquisition follows the integration of Canterbury-based Tarvos Wealth into Craven Street Wealth, which Thistle Initiatives also supplied change in control regulatory support with. Following the purchases, Craven Street Wealth now has 18 Financial Planners, 11 of which have achieved Chartered Financial Planner status.
Craven Street Wealth says it will expand services at Bernard Barrett Associates over time including investment propositions, platform technology and systems. It says the additional scale will help keep client costs down but allow planners to maintain a “personal touch.”
Tom Barnett, managing director of Craven Street Wealth, said: “We are delighted to welcome the Bernard Barrett Associates clients and team to the Craven Street Wealth group at an exciting time for our growth plans in London.”
James Dingwall, Founder, and CEO at Thistle Initiatives said: “We would like to congratulate Tom Barnett and the team at Craven Street Wealth on this recent acquisition of Bernard Barrett Associates. It is a fantastic acquisition and it was a pleasure to be of assistance and provide acquisition due diligence support throughout the process”.
To find out more about our Advisory and Acquisition Due Diligence services or to speak to a member of our expert team, please call 0207 436 0630 or email info@thistleinitiatives.co.uk.