The latest transactions in the wealth management industry around the world.

One Four Nine Group, the UK financial advice and fund management group, has acquired Surrey-based Chartered Financial Planning firm Total Wealth Planning as the firm seeks to grow organically and expand its footprint. Financial terms weren't disclosed.

Today’s announcement, which is part of ambitious growth plans, follows the group’s inaugural acquisitions of Charter Financial Planning and Rice Whatmough Crozier last October.

The latest acquisition, which has already completed, brings One Four Nine’s total AuM to £540 million ($729 million). It also brings around 1,000 clients – both direct clients and clients on TWP’s digital advice platform, i2day, launched in 2016 – under the One Four Nine Group umbrella.

With an accumulated 100 years of experience in financial planning, TWP offers a range of services to investors based in the south of England. 

“I have been working with the TWP team for a number of months now through the acquisition process and believe their people are a natural fit for One Four Nine given their dynamic and collegiate business values. We look forward to helping them do what they do best – looking after their clients’ financial interests,” Gabrielle Beaumont, managing director at One Four Nine Group, said.

One Four Nine primarily targets accountancy firms and other professional services firms that own or have a joint venture with financial advice firms.

It is also interested in standalone advisory firms that reflect its own “collaborative, innovative and professional values.” This includes financial advice firms experienced in recommending tax efficient alternative investments, or advisors looking to access this part of the advice spectrum who may not have had the infrastructure or confidence to do so previously.

The group launched a discretionary fund manager, One Four Nine Portfolio Management, in November, which offers clients active, passive and sustainable model portfolios. Its chief investment officer is Dr Bevan Blair, former director of strategic asset allocation at Tilney Smith & Williamson.

The firm is run by chief executive Matthew Bugden, who spent 18 years at Ingenious Media. The company is said to be preparing to announce senior personnel appointments to help integrate the firms it has bought so far.