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Deals add 20 employed advisers and around £1.25bn in AUA
Hampshire-headquartered Harwood Wealth Management had a very proactive 2020 as it entered into five M&A deals with financial planning companies in the UK.
The businesses are Cameron Lewnes in Cornwall; Portcullis Wealth Management in Hertfordshire; Russell Marlow; Hazelwood Investment Services in Northampton; and certain business assets and clients of London-based Argentis Financial Planning, the wealth division of insurance company Arthur J Gallagher.
The latter is the largest acquisition to date for Harwood, adding 5,000 clients. The groups’ total number of financial planning customers is now over 15,000.
It was finalised in December, but no details were provided about when the other acquisitions were closed. ....

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