Yorkshire wealth manager acquires its second London business

A second acquisition of a London-based financial firm has been made by Leeds financial advice and wealth management company, The Private Office (TPO).

TPO, which has offices in London and Bath, has acquired the wealth management division of SRLV Accountants, SRLV Financial LLP, in Mayfair, in a cash purchase.

SRLV Financial LLP has six staff, including two qualified financial advisers, and has provided independent wealth management advice to SRLV Accountants’ personal and corporate clients since 2006.

The newly-combined business has an annual turnover of more than £12m and plans to grow to a £50m plus firm in the next five-ten years.

The acquisition follows TPO buying PQR Financial Planning in 2016, which had 23 staff, including 11 advisers and four directors, and £250m funds under management, in a cash and equity deal, to create what was then a joint £8.5m business.

TPO chief executive, Stuart Phillips, commented: “The SRLV Financial LLP deal strengthens our London presence and creates a platform for further growth.

There is considerable expertise at TPO and SRLV Financial and we are excited by the increased capacity to jointly deliver an exemplary service and the opportunity to grow the relationship with SRLV Accountants, to advise more of its clients.

“Our immediate plan is to grow TPO organically through the quality of our wealth management advice, but we are open to discussions with independent firms if there is a good fit, professionally and culturally.”

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