London financial adviser launches new wealth management firm following £850m acquisitions

A London financial adviser has announced that it is launching a wealth management business after two new acquisitions.

Craven Street Capital is launching Craven Street Wealth, a combination of its two most recent acquisitions - Kreston Reeves Financial Planning and Christchurch Investment Management.

Together, the acquisitions totalled £850m, and were funded by challenger Shawbrook Bank.

Soondra Appavoo, CEO of Craven Street Capital, commented: “We are delighted to have acquired Kreston Reeves Financial Planning and Christchurch Investment Management to create Craven Street Wealth.

“Both businesses are well established with a real focus on client outcomes.

“Kreston Reeves Financial Planning is a high quality Chartered Financial Planning firm with a strong reputation across the South East. Christchurch Investment Management has an excellent investment track record.

“We believe there are real opportunities for the two business to work together for the benefit of clients.”