Partners Wealth Management (PWM) has announced the acquisition of Navigate Capital Management (NCM).

NCM is a financial planning and independent advice firm based in Surrey and currently advises on around £170m of assets for approximately 175 clients.

The capital management firm will now form part of the PWM brand, which is part of the 7IM group.

Following the acquisition, the merged firm will now manage over £6.2bn in assets for approximately 5,700 clients.

PWM said the newly rebranded firm will be "poised to deliver an industry-leading wealth management experience for individuals, families and businesses".

Managing partner at PWM, Fiona Oliver, commented: "This is a proud moment for PWM, exemplifying everything we at PWM stand for – strong partnerships that lead to exceptional client outcomes. By uniting under the PWM brand, we are bringing together the depth of NCM’s expertise with the scale and support of our national platform. Together, we are better equipped than ever to help clients achieve financial freedom."

Founder and director at NCM, Philip Warren, added: "Today marks the next exciting chapter for our clients and team. By uniting with PWM, we’re combining the strengths of two exceptional teams to create a truly class-leading offering. Our clients and professional partners can expect even more value, delivered with the same dedication, expertise and experience they’ve come to expect from us."

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