One Four Nine Group has bought Nottingham-based Castlegate Capital for an undisclosed sum.
The firm which is an independent chartered financial planning business will rebrand to One Four Nine Wealth and will take the group’s client assets to more than £1.6bn, with more than 30 financial planners and around 5,000 clients.
This is One Four Nine's 10th deal and its first of 2024 after focusing on fully integrating all other purchased firms into the business.
Gabrielle Beaumont, chief executive of One Four Nine Group, said: “This is an exciting time of growth for One Four Nine Group. Investing heavily in the last 12 months in people, integration and client proposition across our regional locations has put us in a strong position to continue to attract some of the best firms in the market as part of our continued acquisition strategy.”
In 2023, the group launched One Four Nine Wealth to provide a platform to unite all regional locations under one brand identity.
It is the financial planning arm of the business and sits alongside One Four Nine Portfolio Management.
Sanjay Lukka, corporate development director at One Four Nine Group, added: “The acquisition of Castlegate Capital is an important milestone for One Four Nine Group. Having joined the Group in August, I’m delighted that my first acquisition marks such a crucial step in our growth journey.
“This acquisition reinforces our commitment to expanding One Four Nine Group’s footprint in the Midlands and beyond.
"Castlegate Capital’s expertise and strong client focus aligns fully with our own, and I look forward to working alongside their talented team to continue to deliver more value to our clients.”
alina.khan@ft.com
