Friday, December 9, 2022
HomeBusinessFinancial PlanningAmber River acquires £380m Chartered Planner

Amber River acquires £380m Chartered Planner

Personal equity-backed Monetary Planning agency Amber River has acquired Cheltenham-based Chartered Monetary Planning agency HDA for an undisclosed sum.

HDA brings a group of 4 advisers and £380m in property underneath affect to Amber River.

Amber River was previously generally known as Socium Group.

Benchmark previously had a 24% stake in HDA which it bought in 2018 however the stake was repurchased by HDA’s administrators final 12 months. Benchmark is the proprietor of a number of Monetary Planning corporations.

Robin Etherington, CEO of HDA, instructed Monetary Planning At present: “We’re all very excited to be a part of the Amber River household and we’re wanting ahead to working along with the central group, alongside the regional Hub CEOs.”

Amber River is headed by Mary-Anne McIntyre, the previous CEO of IFA community Openwork.

Ms McIntyre stated: “It is unbelievable that Robin and the group have chosen to hitch us. Their enterprise may be very well-established and has earned a premium repute within the Cheltenham and Cotswolds space. From our very first assembly with Robin, we knew we had been ideally suited, and we will each see big potential for HDA to proceed to broaden their proposition and providers with our help, for the good thing about their shoppers and employees.”

The Amber River Group now has eight impartial monetary recommendation enterprise throughout 20 areas nationwide. It has 199 advisers taking care of over 18,000 shoppers. Belongings underneath affect are £6.7bn.

The Amber River Group and its recommendation companies have made a number of acquisitions lately.

Exeter-based IFA Shipman Group which is a part of Amber River acquired MHS Monahans Wealth Administration from Chartered Accountants MHA Monahans for an undisclosed sum in January.

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