DEBRA WAIT WEALTH MANAGEMENT ACQUISITION
Capital and Trust - April 5, 2023 - 0 minute read
Apollo Private Wealth, a partner practice of St James’s Place (SJP), has acquired Debra Wait Wealth Management, a fellow SJP firm based in Cambridgeshire.
The purchase amount was not disclosed, but the acquisition increases Apollo’s assets under management to £300m and supports the firm’s strategy to grow in the high-net-worth space.
Debra Wait, the owner of Debra Wait WM, will remain active in the business for at least the next 18 months to ensure a smooth transition for clients.
Nauman Gondal, Apollo’s founder and CEO, stated that the acquisition aligns with the firm’s growth strategy to expand its national footprint and provide integrated financial advice and services to more clients across the UK.
Debra Wait said: “I’m delighted to be joining Apollo. It was critical that I found a proactive practice that shared my exceptionally high client servicing standards and had the infrastructure to provide continuity and add considerable value to my clients.
“It was clear from the outset that Nauman and his team put clients at the centre of everything they do and wanted to thoroughly understand my business. To me, Apollo was the outstanding practice to partner with.”
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