Warwickshire-based Chartered Monetary Planner MPA Monetary Administration has acquired native adviser agency, Worcester-based Suckling Waddington and Companions (SWP), for an undisclosed sum.
SWP has been an Appointed Consultant of MPA since 2018, following SWP associate Alan Poole’s retirement from the enterprise and the acquisition of his 50% share by MPA.
The complete acquisition of the agency by MPA comes as outgoing SWP associate Gary Cowley begins retirement, promoting his remaining 50% stake within the enterprise to MPA.
MPA manages over £800m in investments on behalf of shoppers and has a workforce of greater than 30 workers at its head workplace in Henley-in-Arden in Warwickshire.
SWP has supplied wealth administration providers in Worcester for over 50 years. MPA says the SWP workforce will stay in Worcester and can proceed to work with native shoppers, lots of whom have been with the corporate for generations.
MPA managing director Phil McGovern mentioned: “We now have been companions with Gary and SWP for over 5 years they usually have all the time been a pleasure to work with. Each our corporations share the identical core values centred on belief and delivering the very best recommendation to shoppers – and that can by no means change.
“MPA is dedicated to holding the SWP model and workforce in Worcester for a few years to return, so it is extremely a lot enterprise as regular. We’re already investing in SWP’s workplace, with new tools and ongoing workers coaching, and are pleased with our rising workforce of specialist advisers and help workers who will proceed to serve our loyal shoppers to make sure they obtain their monetary targets.”
