Hoxton Wealth Expands UK Reach with Acquisition of Family First
Deal News | Jan 20, 2025 | B Daily
Hoxton Wealth has broadened its UK operations by acquiring Darlington-based Family First Financial Services. This acquisition represents Hoxton's fifth in the UK over the past year and aligns with its ambition to deliver extensive lifestyle financial planning services. The deal adds over £85 million in assets under management to Hoxton's portfolio. Family First Financial Services, known for its comprehensive support ranging from retirement planning to inheritance considerations, will now transition to Hoxton's management. Thomas Maddison, Hoxton's acquisitions director, acknowledged the strategic fit of the acquisition and appreciated the cooperative efforts of Mark Horner and Ian McFarlane from Family First. Hoxton Capital Management, originally founded in the UAE, now manages over $2.2 billion in assets and employs a significant workforce globally.
Sectors
- Financial Services
- Wealth Management
Geography
- United Kingdom – The acquisition enhances Hoxton's presence in the UK, specifically in the North, indicating focus on geographical expansion within this country.
- United Arab Emirates – Hoxton Capital Management was founded in the UAE, showcasing its international origin.
Industry
- Financial Services – The article centers around an acquisition in the financial advisory sector, highlighting the expansion of wealth management services in the UK.
- Wealth Management – The article involves wealth management expansion through acquisition, emphasizing asset growth and financial planning services.
Financials
- £85 million – Assets under management added through the acquisition.
- $2.2 billion – Total assets overseen by Hoxton Capital Management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hoxton Wealth | Buyer | Company | An international financial advisory firm expanding its UK presence. |
| Family First Financial Services | Target company | Company | A Darlington-based firm specializing in retirement planning and financial services. |
| Thomas Maddison | Acquisitions Director | Person | Hoxton Capital Management's acquisitions director overseeing the strategic fit of acquisitions. |
| Mark Horner | Consultant | Person | Involved in ensuring a smooth transition and handover at Family First. |
| Ian McFarlane | Consultant | Person | Collaborated in the acquisition process at Family First. |
| Hoxton Capital Management | Parent Company | Company | A global firm managing significant assets and employing a large workforce. |