Craven Street Wealth (CSW) has completed the acquisition of Pharon Independent Financial Advisers for an undisclosed sum.

Together, the combined business will now support over 5,800 clients and advise on £2.9bn of assets.

The latest move follows CSW’s own milestone earlier this year after it joined Quanta Group, providing the scale, investment and technology to enhance its adviser capability and client outcomes.

CSW’s acquisition of Pharon will contribute to the wider Quanta Group’s £16.75bn in assets under advice (AuA) and 86,000 clients.

Managing Director of CSW, Tom Barnett, 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.

“By bringing together two highly regarded independent advisory businesses, we are strengthening our ability to deliver exceptional service to clients today and long into the future. I also look forward to welcoming Nick and other members of the Pharon team into our senior management structure.”

Pharon’s leadership team, including managing director and chartered financial planner, Nick O’Shea, will join the CSW management team structure.

O’Shea said: “We are incredibly proud of what Pharon has achieved since 1973. Joining CSW allows us to build on that legacy, bringing together two highly experienced teams, strengthening our collective resources and ensuring our long-standing personal relationships remain at the heart of how we support clients.”

Quanta CEO, Patrick Mill, added: “This acquisition demonstrates the next phase of growth for Quanta, building a market-leading national wealth management group with independence, advice quality and client outcomes at its core. We are delighted to welcome Pharon into the group.”

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