Wealth management firm acquires sharehold with Carrick Financial Management
Newcastle’s Tier One Capital Ltd, a wealth management business, has acquired a shareholding with Carrick Financial Management.
Tier One Capital, which specialises in private client, corporate and charitable wealth management, is to deal in the acquisition with Muckle LLP. It will work closely with the team to develop further opportunities with the marketplace.
Jess Swindells, Tier One Capital’s managing director, said: “This is an exciting step for us and we are delighted to announce this deal as part of our strategic growth plans.
“CFM is a highly regarded wealth management company with a very strong team of financial advisers, which has grown successfully in recent years.
“We are very much looking forward to working closely with the team at CFM as we continue to develop our business services and capabilities.”
Carrick Financial Management is supported by financial advisers and office staff at its base in Seaton Burn and was advised by Newcastle-based solicitors Mincoffs.
Tier One Capital was also advised by Inveniam Corporate Finance led by Lee Humble.
Michael Carrick, Carrick Financial Management’s managing director, added: “This is great news for our clients and everyone associated with CFM.
“We are delighted how the deal has been structured, which provides the ideal platform for both parties to flourish and develop, well into the future.”