29th October 2024
Private equity firm CBPE Capital has acquired a majority stake in Clifton Asset Management, a wealth advisory firm based in Bristol. This investment marks CBPE's latest entry into the UK financial advisory sector. The current management team at Clifton will continue to lead the firm, and the funding is expected to drive growth through targeted acquisitions of small and mid-sized advisory firms.
CBPE has a strong record of supporting high-growth financial services companies. Previously, they invested in Perspective Financial Planning, helping it grow from £2.6bn to £8bn in assets under management before selling it to Charlesbank Capital Partners. Currently managing over £1.8bn for over 9,000 clients, Clifton aims to leverage CBPE’s resources and expertise to enhance its mergers and acquisitions (M&A) initiatives, expanding its reach and capabilities within the wealth advisory market.
Clifton offers various services, including the Clifton Wealth Partnership, SIPP operator Morgan Lloyd, discretionary fund management arm Eden Park, and proprietary platform Morgan Lloyd Invest. With robust M&A activity ongoing in the UK wealth management sector, Clifton’s partnership with CBPE underscores the growing influence of private equity in this arena.
This move increases the number of private equity-backed advisory firms in the UK to 40, highlighting the industry's trend toward consolidation.
At Chapters Capital, we specialise in financial planning and wealth management M&A. We provide expert guidance in aligning acquisitions with strategic goals, supporting smooth transitions, and maximising value. If you are considering a sale or exploring growth opportunities, contact our experienced associates today for a confidential, no-obligation consultation.