LUDLOW WEALTH MANAGEMENT HAS ACQUIRED GLASGOW-BASED FINANCIAL PLANNING COMPANY

Ludlow WM, a large advice firm in the North West specialising in investment, financial planning and pensions and a subsidiary of Mattioli Woods, has acquired Ferguson Financial Management in a £1.2m deal.

Ferguson Management provides Financial Planning and wealth management to over 200 private client families and has approximately £80 million of assets under advice. As part of the deal, one employee will join Mattioli Woods and operate from the group’s existing Glasgow office.

Group managing director of Mattioli Woods Michael Wright, , said: “We are pleased to complete Ludlow’s first acquisition since joining the group. We continue to work closely with Ludlow’s experienced team as we pursue other transactions of a similar nature to further expand our growing wealth management presence in the north of England and Scotland.”

CEO of Ludlow WM, Ian Hemingway, said: “Ludlow has a track record of successful deals involving retiring financial advisers, a model which Mattioli Woods continues to support. We look forward to working with the Ferguson team to responsibly integrate their clients into the group over the coming months, whilst continuing to explore other opportunities within the market.”

Ludlow is also planning further acquisitions.

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