Financial planner grows with 'exciting' takeover

A financial planning firm has expanded with an acquisition.

Craven Street Wealth has added Pharon Independent Financial Advisers to its stable.

Bosses say the deal for the Canterbury-based operator “strengthens its ability to deliver exceptional service to clients long into the future”.

They add the combined business is now supporting nearly 6000 clients and advising on assets worth about £2.9 billion.

Under the terms of the agreement, Pharon managing director and chartered financial planner Nick O’Shea will join London, Canterbury and Horsham-based Craven Street Wealth’s management team.

Tom Barnett, Craven Street Wealth managing director, said: “This is a truly exciting moment for our businesses. 

“Pharon is a highly respected firm with deep roots in its community and a reputation for quality financial planning over more than 50 years.

“I look forward to welcoming Nick and other members of the Pharon team into our senior management structure.”

Nick added: “Joining Craven Street Wealth allows us to build on our legacy, bringing together two highly experienced teams.

“It also strengthens our collective resources, ensuring our longstanding personal relationships remain at the heart of how we support clients.”

The deal comes after Craven Street Wealth – which has further bases in Bedford, Oxford and Poole – joined Quanta Group.

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