Our Corporate Finance team advises HFMC Wealth on its acquisition of Weston Cummins

Our Corporate Finance team recently provided financial due diligence to HFMC Wealth on its acquisition of Weston Cummins.

HFMC Wealth has been operating since 1986 and provides wealth planning and investment management to both high net worth individuals and businesses. The firm prides itself on providing clients with objective advice that is aligned to their best interests.

Ross Ibbotson, Executive Director at HFMC Wealth commented: “The acquisition of Weston Cummins is a continuation of our growth strategy, making carefully selected acquisitions that align with our values.”

Weston Cummins advises some 265 high net worth families and will add circa £350mn of assets to HFMC Wealth. The clients and culture of the firm marries perfectly with HFMC Wealth’s High Net Worth proposition.

Commenting on the transaction, Weston Cummins majority owner and director, Alan Weston said:

“The decision to join another firm wasn’t an easy one. For some time we had been considering whether we should grow our own business, taking on more clients and advisers, or to seek a partner that had already gone through those growing pains and was already placed to provide fantastic advice with an exceptional range of services. We have felt for some time that joining a larger firm would be the best way to deliver the wider range of services we wish to provide our clients, whilst also providing a controlled succession to my ownership of the business over the coming years.”

The team at James Cowper Kreston was led by Brad McAvoy, who commented: “We were delighted to work with the HFMC Wealth team again on their second acquisition of 2023. This acquisition strengthens the firm’s position across the London market and we look forward to working with the team again in the future as their growth plans continue to develop.”