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Increasing Monetary Planner and wealth supervisor MKC Wealth has acquired London-based Monetary Planning Agency Wealth for Ladies for an undisclosed sum.
Wealth for Ladies was based by Mary Waring, a Chartered Monetary Planner, Chartered Accountant and a licensed ladies’s coach.
Ms Waring plans to depart Monetary Planning to deal with her work teaching ladies going by way of divorce and coaching planners.
Metropolis of London-based MKC Wealth is backed by non-public fairness agency Cabot Sq. Capital which owns numerous companies together with Key Retirement Options. It plans to construct the Wealth for Ladies model.
Ms Waring has specialised in Monetary Planning and training for girls for a few years. She plans to depart the monetary recommendation sector to focus on her teaching function for girls going by way of divorce. She is going to assist 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.
Wealth for Ladies has an AUM of beneath £50m.
Dominic Rose, CEO of MKC Wealth, stated: “We’re delighted to amass this specialist enterprise. Monetary Planning for girls is crucial and differs from mainstream recommendation.
“Buying this enterprise provides us a higher perception into this vital space. We’ll look to construct on the work that Mary has been doing to empower ladies within the area of Monetary Planning. We’ll do that beneath a brand new model of MKC Wealth for Ladies. The intention is that we’ll develop this model and practice Monetary Planners on this vital and underserved space.”
Ms Waring stated: “I’ve all the time handled the vast majority of my purchasers as having short-term vulnerabilities resulting from being going by way of the divorce course of. Not all Monetary Planners know the way to take care of vulnerability, it may be advanced and requires a selected set of softer expertise to handle.
“Once I met the crew at MKC, I knew we shared the identical values and responsibility of care to our purchasers and was assured they might be the suitable 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 corporations lately together with eight corporations in 2023. In December it added £90m to its property beneath recommendation by buying Buxton-based Crescent Unbiased and the consumer base of Bury-based IFA Christine Brearley.
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