Hoxton Wealth expands UK footprint with deal

An international financial advisory firm has strengthened its UK presence with an acquisition.

Hoxton Wealth has bought Darlington-based Family First Financial Services.

The deal marks its fifth UK acquisition in the last 12 months.

Bosses say it will “enhance” Hoxton’s “presence in the North of the UK” and advance its goal of “delivering lifestyle financial planning at scale” by adding more than £85 million in assets under management.

Family First Financial Services provides support with retirement planning, savings and investments, property purchases and insurance needs. 

It covers wills, inheritance tax considerations and the benefits of trust funds.

Thomas Maddison, Hoxton Capital Management's acquisitions director, said: “This is a strategic fit.

“I want to extend my gratitude to Mark Horner and Ian McFarlane at Family First for their collaboration throughout this process. 

“Their dedication has been instrumental in ensuring a smooth transition. 

“Mark will be personally overseeing the handover period, introducing clients to their new Hoxton advisers and ensuring all necessary steps are taken for a successful integration. 

“His commitment to providing a personal and warm handover will ensure continuity and trust during this transition.”

Hoxton Capital Management now oversees more than $2.2 billion in assets and employs 300 staff globally.

It was founded in the UAE by British expatriate Chris Ball.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →