MKC Wealth has announced the double acquisition of IFA Warr & Co Independent Financial Advisers and Halstead Independent Financial Management.

Both deals by MKC, an independent wealth management firm backed by Cabot Square Capital, are for undisclosed sums.

Jeff Crewdson and Steve Prosser initially joined Stockport-based Warr & Co Chartered Accountants as in-house financial advisers, before they set up a separate business, Warr & Co Independent Financial Advisers, in 2012.

Crewdson will now retire after a short handover period while Prosser will join MKC Wealth along with two support colleagues, based at MKC’s Stockport office. The deal will bring 140 households with £70m of assets under advice (AUA) to MKC.

Urmston-based Halstead, which specialises in advising medical professionals, has £90m AUA on behalf of 150 households. This deal will see Mark Halstead of the firm join MKC, along with one other financial planner and one client support, who will also be based at MKC’s existing Stockport office.

MKC’s CEO, Dominic Rose, commented: “I am delighted to welcome the teams from Halstead and Warr & Co to MKC Wealth. As most people know, the key tests in situations like this are, firstly, will the clients benefit? And, secondly, do the cultures of the teams align?

“It was clear here that the answer to both is yes and I look forward to working together to build a business to be proud of and one that our clients love.”

Crewdson said: “I immediately felt this was the right deal and both parties were keen to get it done. I tested my gut instinct by speaking to people who had already done deals with MKC Wealth to hear their views and they all confirmed they were really pleased with how it worked out for them and their clients.”

Halstead added: “Not only does MKC Wealth share our ethos, it soon became evident that it has the expertise and resources to integrate our business and look after our staff and clients, and a proven track record of doing so. I am thrilled to have joined the MKC team and look forward to advising clients for many years to come.”

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