HURST POINT GROUP PURCHASES LONDON-BASED FIRM
Capital and Trust - May 11, 2023 - 0 minute read
Hurst Point Group, a subsidiary of The Carlyle Group, has acquired Helm Godfrey, a fellow wealth manager, in a deal that will add £1bn in assets under advice (AUA) and half a billion in assets under management (AUM) to its portfolio.
As part of the deal, Helm Godfrey’s financial planning team will become a part of Hurst Point Group’s planning division, and all 65 employees will be retained.
The acquisition will also enable Hurst Point Group to expand into London, adding 2,500 new clients to its books. The firm is targeting a ‘co-location strategy,’ planning to establish financial planning operations alongside its investment management operations in key locations such as Manchester, Liverpool, and Birmingham.
Hurst Point Group has several deals in the pipeline but plans to take its time to ensure strong cultural alignment with potential acquirers. The firm’s current AUA/M as of 31 March this year is approximately £7bn.
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