LUMIN WEALTH HAS ACQUIRED SOUTHEAST-BASED FINANCIAL ADVISER￼
Capital and Trust - June 13, 2022 - 0 minute read
Lumin Wealth, financial advice and discretionary fund manager firm based in St. Albans and London has acquired financial advice firm Ashridge Financial Management who are based in Essex.
The acquisition will add more than £85m of assets under management to the Lumin Group. Its total AUM now stands at over £860m.
Managing director Gary Treen will join Lumin as part of the deal, alongside the two other Ashridge staff members. The Sum has yet to be disclosed.
This deal marks the fifth purchase by Lumin Wealth after it bought Enhance Wealth Management in earlier this year in March.
Managing director of Lumin, Martin Cotter, said: “We are delighted to be able to work with an adviser of Gary Treen’s experience and quality, providing him and his team with a platform to continue to deliver quality financial advice to clients, while Lumin takes on the efficient administration of his business. This partnership further enhances Lumin’s ability to offer expert advice to a wider audience in line with our expansion plans.”
Gary Treen, managing director of Ashridge Financial Management, said: “I am very pleased to be teaming up with such a forward-thinking firm, where an emphasis is placed on delivering a quality client experience at all times. This deal will enable me to concentrate on delivering financial advice, while taking a step back from the daily administration that running a smaller regulated firm entails. I look forward to working with the Lumin team as we embark on this exciting new journey together.”
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