Financial advice and investment management firm One Four Nine Group has acquired Nottingham-based Castlegate Capital, marking a “crucial step” in its growth journey.
The deal is the 10th acquisition for One Four Nine Group and the first of 2024 following a significant period of focus to integrate all firms into the business fully.
The launch in late 2023 of One Four Nine Wealth was an important moment for the evolution of the business.
It provided a “robust platform” to begin uniting all regional locations under one brand identity and to ensure the delivery a consistent client service proposition across the UK.
One Four Nine Wealth is the financial planning arm of the business, operating alongside One Four Nine Portfolio Management.
Castlegate is an independent chartered financial planning business established in 2016 catering to private and corporate clients across the UK.
It will rebrand to One Four Nine Wealth upon completion of the transaction taking the group’s client assets to over £1.6bn with over 30 financial planners and around 5,000 clients.
One Four Nine Group, chief executive Gabrielle Beaumont said: “This is an exciting time of growth for One Four Nine Group.
“Investing heavily in the last 12 months in people, integration and client proposition across our regional locations has put us in a strong position to continue to attract some of the best firms in the market as part of our continued acquisition strategy.”
She said the Castlegate team was a “natural fit” for One Four Nine Group and shares its vision of building an “energetic, forward-thinking” financial planning business with a “clear focus on delivering excellent lifetime financial planning to clients”.
One Four Nine Group corporate development director Sanjay Lukka added: “The acquisition of Castlegate Capital is an important milestone for One Four Nine Group.
“Having joined the Group in August, I’m delighted that my first acquisition marks such a crucial step in our growth journey.
“This acquisition reinforces our commitment to expanding One Four Nine Group’s footprint in the Midlands and beyond.
“Castlegate Capital’s expertise and strong client focus aligns fully with our own, and I look forward to working alongside their talented team to continue to deliver more value to our clients.”
One Four Nine launched in October 2021 with the acquisition of two advisory firms – Charter Financial Planning and Rice Whatmough Crozier.
The group primarily targets accountancy firms and other professional services firms which own or have a joint venture with financial advice firms.
It also considers standalone advisory firms which reflect its “collaborative, innovative and professional values”.
This includes advice firms either already or wanting to become experienced in recommending tax efficient alternative investments.
