Solomon Capital Holdings (Solomon), the private equity-backed national advice business, has signed a partnership deal with Kent-based Beaufort Financial Westerham.
Solomon Capital Holdings has completed its first minority partnership investment with IFA firm Beaufort Financial Westerham as part of a new hub and build strategy. The deal gives Solomon a minority stake in the Kent-based advice firm and brings £409m AUA and seven advisers to the group.
Solomon Capital Holdings has purchased multi-office advice firm Gale and Phillipson as part of its growth strategy to build a national advice business. The deal will see the consolidator take ownership of Gale and Phillipson with CEO David Carr joining the executive team at Solomon.