Craven Street Wealth (CSW) has acquired Kent-based Pharon Independent Financial Advisers, marking its first acquisition since parent company Wealthtime rebranded as The Quanta Group.
The rebrand in April formed part of a strategy to build a fully integrated wealth management proposition across independent advice, platform and discretionary fund management.
Founded in 1973 and based near Canterbury, Pharon is one of Kent’s longest-established independent financial planning firms.
The deal expands CSW’s presence in the South East, where it has grown rapidly since launching in 2021 through targeted acquisitions and organic expansion.
The addition of Pharon brings CSW’s headcount to around 130 staff, including 35 financial planners, extending its footprint across London, the South and the Home Counties.
Following the acquisition, Quanta Group will oversee around £17bn in client assets for approximately 86,000 clients across advice, platform and discretionary services.
Patrick Mill, CEO of Quanta Group, said: “Bringing Pharon into CSW further strengthens our advice capability, enhances our national footprint and deepens the value we deliver to clients and professional partners.
“It is another step forward in building a modern wealth management group that combines independence, exceptional advice and strong governance.”
Tom Barnett, managing director of CSW, said: “This acquisition supports our strategy to expand high-quality independent advice across the UK. Pharon shares our commitment to professional standards and long-term client service.”
Nick O’Shea, director and chartered financial planner at Pharon, added: “Our clients will continue to receive the same trusted advice, now with access to wider expertise and specialist support available through CSW and the Quanta Group.”
Quanta Group is backed by private equity firm AnaCap Financial Partners.
