FINANCIAL planning firm Newell Palmer has completed its largest acquisition to date with the purchase of Northampton-based Lane Wealth Management LLP.
Established in 1993, Newell Palmer specialises in all areas of personal, corporate and trustee financial planning and is one of the top forty Independent Financial Adviser companies in the UK. It has gained a solid reputation amongst both clients and industry professionals for providing a high quality and reliable service.
The firm has ambitious growth plans for the coming years and this deal marks the latest move in that continuing strategy.
Lane Wealth has provided financial, investment and pension advice to clients in Northamptonshire and nationally, since 1994. The acquisition adds an additional £100m of funds under management and 150 active clients who will be serviced by Newell Palmer's Bromsgrove office.
The acquisition of Lane Wealth increases Newell Palmer's total funds under management to £1.35billion.
Speaking about the purchase, Newell Palmer Finance Director, Kevin Homfray, said: "I am delighted that we have been able to complete the largest acquisition in our company's history. Newell Palmer are confident that we can achieve and surpass our acquisition goals and increase our FUM in excess of £2 billion during 2018/19 via a combination of organic growth and acquisitions.
"Edwin has grown Lane Wealth into a really impressive firm and we look forward to assisting his clients with their financial planning aspirations and goals. I would like to thank Edwin and wish him the best in his retirement."
Edwin Lane, Principal of Lane Wealth Management, said: "After an exhaustive search to find a larger partner who will continue offering our clients a very high level of service, we are delighted to have found and completed the deal with Newell Palmer."
For more information, call 03330 433 444, email firstname.lastname@example.org or visit the website www.newellpalmer.co.uk
Caption: left to right: Edwin Lane, Nicola Lane, Ian Josh (NP Bromsgrove Director), Garry Godwin (NP Bromsgrove Managing Director), Kevin Homfray (NP Finance Director))