SALTUS GROUP HAS PURCHASED HERTFORDSHIRE-BASED WEALTH MANAGEMENT FIRM

Saltus Group has acquired Hertfordshire-based wealth management firm NSL Wealth.

Syd Symonds founded NSL Wealth in 1999, the business offers a wide range of financial advice services. In 2009, Jordan Batchelar joined as a fellow director.

The deal follows Symonds decision to retire, he will steadily pass his role over to Batchelar before retiring, taking a consultancy and advisory role to guarantee a smooth transition. Batchelar will become a partner at Saltus.

NSL Wealth’s office in Hertfordshire is being retained and its 5 staff will all move across to Saltus.

The deal will add £160m in AUM to Saltus. It now manages over £2b in assets and has over 90 employees. Saltus acquired Farnham-based Financial Planning firm Fish Financial in September 2021, making this acquisition the second deal in the last 6 months.

Managing partner at Saltus, Jon Macintosh said: “The ten-year relationship between our two firms has allowed us to witness first-hand the expertise and professionalism of Syd and Jordan, and this has given us complete assurance that our two businesses are perfectly aligned. We are confident that Syd and Jordan’s skills and knowledge will complement our already established offering perfectly and are delighted to welcome the NSL Wealth team into the Saltus family.”

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