Deals Of The Day: The Latest In Wealth Management M&A - Beaufort Financial

Editorial Staff

16 October 2019

, launched earlier in October, was founded by Alister Gaines, who was previously investment director at Sunderland-based CDC Wealth Management for 11 years and before that was at Lloyd’s Private Banking.

The deal sees Akrivis Wealth become an appointed representative of Beaufort Financial, with the group providing marketing, administrative and technological support to the business, and allowing Gaines to focus on advising clients, Beaufort Financial said in a statement yesterday.

“Building an extensive partnership of regional firms, via both established names and newly-founded businesses, is a key part of our long-term strategy to become one of the UK’s largest and most successful networks,” Beaufort’s chief executive Derrick Dunne said.

The Beaufort Group of Companies, which is based in Surrey, was established in 2012. It also owns a discretionary fund management company, Beaufort Investment Management, which holds over £1 billion ($1.27 billion) in funds under management on behalf of private clients, trusts, charities and corporate bodies.