Solomon Capital Holdings Ltd (Solomon), a new advice and wealth management group founded by former Quilter Financial Planning CEO Andy Thompson and CFO Darren Sharkey, is to acquire Beaufort Group.
Financial terms of the transaction, which remains subject to FCA approval and is the first stage of a strategy to build a national advice business, serving in excess of 50,000 clients. have not been disclosed.
This initial acquisition will see Solomon take full ownership of Beaufort Financial and YOU Asset Management (YOU), providing both businesses with the resource and support to confidently implement their ambitious growth plans to develop their long-term proposition and exceptional service for clients and advisers.
