Sunday, September 25, 2022
HomeFinancial PlanningHarwood turns into Argentis and buys 2 IFA companies

Harwood turns into Argentis and buys 2 IFA companies



 

Personal equity-owned Harwood Wealth Administration has acquired two adviser companies and has rebranded as Argentis Group.

Harwood has acquired D Heaton in Newcastle-under-Lyme and Wealth Creation & Administration, based mostly in Christchurch.

The offers for each companies will add £100m in belongings below administration, 400 shoppers and 6 employees members.

Harwood is owned by Hurst Level Group which is rebranding the agency as Argentis Group to deliver various pursuits below one model.

Argentis, based mostly in Waterlooville, Hants, will embrace the entire group’s Monetary Planning pursuits into one model. The rebrand is efficient from 25 July.

Harwood Wealth Administration was a nationwide IFA agency which obtained funding from Harwood Capital and was listed on the Different Funding Market (AIM) of the London Inventory Change in 2016.

In March 2020, the Hurst Level Group, a subsidiary of worldwide funding agency The Carlyle Group, acquired Harwood for £91m. 

Hurst was established in 2019 to handle investments by Carlyle into the UK wealth administration sector. It presently owns the Argentis Group (previously Harwood Wealth Administration) and Hawksmoor, which it acquired in 2021.

In 2020, Harwood made six acquisitions, including roughly £6m of income and greater than 20 advisers. The acquisitions comprised: Cameron Lewnes, Portcullis Wealth Administration, Russell Marlow, Hazlewood Funding Companies and sure enterprise belongings and shoppers of Gallagher’s Wealth division.

On the finish of 2020, Harwood bought Argentis Monetary Planning, which added 5,000 shoppers and was its largest Monetary Planning acquisition to this point.




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