Increasing Monetary Planner and wealth supervisor MKC Wealth has acquired London-based Monetary Planning Agency Wealth for Girls for an undisclosed sum.
Wealth for Girls was based by Mary Waring, a Chartered Monetary Planner, Chartered Accountant and an authorized girls’s coach.
Ms Waring plans to go away Monetary Planning to give attention to her work teaching girls going via divorce and coaching planners.
Metropolis of London-based MKC Wealth is backed by non-public fairness agency Cabot Sq. Capital which owns a variety of companies together with Key Retirement Options. It plans to construct the Wealth for Girls model.
Ms Waring has specialised in Monetary Planning and training for girls for a few years. She plans to go away the monetary recommendation sector to focus on her teaching position for girls going via divorce. She’s going to help the coaching of MKC Monetary Planners, she stated, and can introduce new purchasers she works with in her teaching capability to MKC for regulated monetary recommendation.
Dominic Rose, CEO of MKC Wealth, stated: “We’re delighted to amass this specialist enterprise. Monetary Planning for girls is vital and differs from mainstream recommendation.
“Buying this enterprise provides us a larger perception into this essential space. We’ll look to construct on the work that Mary has been doing to empower girls within the area of Monetary Planning. We’ll do that below a brand new model of MKC Wealth for Girls. The intention is that we are going to develop this model and practice Monetary Planners on this essential and underserved space.”
Ms Waring stated: “I’ve all the time handled the vast majority of my purchasers as having non permanent vulnerabilities as a consequence of being going via the divorce course of. Not all Monetary Planners know the way to cope with vulnerability, it may be complicated and requires a selected set of softer abilities to handle.
“After I met the crew at MKC, I knew we shared the identical values and obligation of care to our purchasers and was assured they might be the correct custodians for my purchasers going ahead. As a sign of my confidence within the crew, I’m additionally transferring my very own private investments to MKC Wealth.”
MKC has acquired a number of Monetary Planning companies lately together with eight companies in 2023. In December it added £90m to its property below recommendation by buying Buxton-based Crescent Unbiased and the shopper base of Bury-based IFA Christine Brearley.
