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Capital and Trust - March 23, 2023 - 0 minute read

Boston Multi Family Office completes acquisition of DOUGLAS-BASED FINANCIAL SERVICE PROVIDER ONLY WEEKS AFTER securing backing from London-based PRIVATE EQUITY FIRM Rockpool

Boutique fiduciary and corporate services firm Boston Multi Family Office (MFO) completed the acquisition of Douglas-based financial service provider Fedelta Trust this month for an undisclosed sum.

This, only a few weeks after Boston MFO’s finance partner, the London-based specialised investor Horizon Capital, received permission to join Rockpool, a private equity firm.

Fedelta’s purchase is the second significant acquisition since MFO’s chief executive, Katherine Ellis, and chief operating officer, Alex McNee, oversaw a management buyout of Boston MFO in October 2019. Before this, MFO, headquartered on the Isle of Man, acquired the global fiduciary services company IQE in 2020.

Among the first changes feature the relocation of Fedelta directors Steven Quirk and David Brew to MFO’s Boston offices. The following post-deal matters are pending regulatory approval.

Ellis recently noted:

“Boston is always looking for opportunities that will expand and enhance our services to clients and provide a good strategic fit for further growth”.

“Fedelta has an excellent record in delivering quality financial services, built on the same values and culture that we cherish at Boston. We are delighted to welcome the Fedelta team to our premises and look forward to working with them.”

Quirk further underlines:

“Fedelta has always endeavoured to offer a customer-focused approach with the highest standards of personal service, integrity and expertise. During our discussions with Katherine and Alex, it became apparent at an early stage that they, and the wider team at Boston, have a like-minded approach. This was important to us and will provide our clients and staff with a strong foundation for the future.”

“Additionally, our combined resources will strengthen the expertise that we can offer to our clients and the extensive solutions that Boston can provide will further enhance our services and give greater opportunities for our staff to develop and fulfil their potential.”

If you’d like a confidential, obligation-free discussion about selling or acquiring a Wealth Management / Asset Management business, please click here, alternatively contact us at 0207-043-4300 or email us.

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