Pivotal has announced the acquisitions of Purely Financial Planning and KMC Financial, in a move to extend the group’s regional financial advice footprint.

The pair are both mortgage and protection brokerages operating across the South East of England.

Purely, based in Walton on Thames and established in 2014, was founded and is led by Duncan Hodgson and Andrew Glover, while KMC Financial, based in East Grinstead, West Sussex, is led by Kevin Orchard, who will continue to lead the business following completion.

Pivotal said that both businesses share its focus on delivering trusted advice, maintaining strong client outcomes and preserving entrepreneurial leadership, and stand to benefit from the scale, resources and regulatory expertise of the wider group.

“KMC Financial and Purely Financial Planning are both well-run businesses with strong leadership teams and a shared commitment to delivering excellent client outcomes,” group CEO of Pivotal, Mayank Prakash, commented.

“These acquisitions reflect our continued focus on partnering with entrepreneurial brokerages that value quality and long term growth. Pivotal is set up to support firms like KMC Financial and Purely with additional resources and regulatory expertise, enabling continued growth while preserving the entrepreneurial autonomy with shared values that underpin our future success.”

Directors of Purely, Duncan Hodgson and Andrew Glover, said in a statement: “Pivotal’s approach strongly aligned with how we have built Purely over the past decade.

“The group’s long term perspective, coupled with the support of John Charcol’s experienced management team, will enable us to continue growing the business while maintaining the culture, values and client focused approach that are central to Purely.”

KMC Financial managing director, Kevin Orchard, added: “Joining Pivotal represents a natural next step for KMC Financial. Pivotal’s long term mindset and respect for entrepreneurial leadership were key factors for us.

“By joining forces, we can continue putting our clients first with quality advice, while gaining access to the scale and support that comes with being part of a larger group.”

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