Morningside Financial is a new entrant to the IFA market. We will initially employ a buy and build model and are looking to purchase between one and four businesses in the next twelve months.

 

Once we have built our base we shall embark on a combination of organic and inorganic growth, and our target is to become a vertically integrated business in around five years.

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We are looking to purchase well run, client focused businesses, which can help define the future culture of Morningside Financial.

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Completed Deals

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Morningside completed its first business purchase in September 2022 with the 100% acquisition of Oakwood Financial Services, a directly authorised IFA firm based in Buckinghamshire.  The company has two advisers, FUM of c£115m and provides advice on pensions, investments, retirement and IHT planning.

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www.oakwood-fs.co.uk

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We are pleased to announce the completion of our second acquisition, having purchased a mid-sized client bank from a retiring adviser in June 2023.  The clients have been rolled in to our Oakwood business, and the deal further strengthens our foothold and coverage in Buckinghamshire and Hertfordshire.

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We are pleased to announce that Morningside completed its third acquisition in October 2024 with the purchase of a local pensions and investments client bank.  The transaction adds another 110 customer relationships and these clients will be fully integrated with our Oakwood business.  Following completion of the transaction we now manage some £200m of FUM.  The group has no third-party debt. 

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We continue to look actively for strong, well managed businesses and client banks in order to continue our growth.

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