The collaborative effort across the Corporate, Banking, and Property teams at Lawrence Stephens enabled an efficient and seamless transaction.
The transaction accounts for HMFC’s second acquisition of 2023, and contributes to the strength of their offering. Weston Cummins advises some 265 high net worth families and will add circa £350mn of assets under management to HFMC Wealth. The clients and culture of Weston Cummins marries perfectly with HFMC Wealth’s High Net Worth proposition.
The corporate aspect of the deal was led by Senior Director, Jeff Rubenstein with assistance from solicitor’s Lucy Cadley and Izzy Moran and Trainee Solicitor, Carla Bernstein. The banking team was led by Head of Banking, Ajoy Bose-Mallick with assistance from Associate, Aashay Knights. Director, Nick Marshall dealt with the property aspects.
Jeff Rubenstein, Senior Director, and Head of Corporate and Commercial comments: “It was a pleasure working again with HFMC on this acquisition, and we look forward to continuing to work with the HFMC team going forward and witnessing their continued growth. As always, I am incredibly proud of our team’s exceptional performance in completing this significant transaction. Their collaborative spirit has been instrumental in getting this deal across the line.”
Phil Patient, COO, HFMC Wealth, comments: “The acquisition marks a significant step forward for HFMC Wealth as we continue to expand and strengthen our Private Client and Employee Benefits offerings. We are delighted to have worked with Lawrence Stephens, whose expertise and professionalism have been instrumental in completing a second transaction together in 2023. This strategic move aligns perfectly with our growth objectives and will enable us to provide even greater value to our clients. We look forward to the future opportunities that this acquisition brings.”