Consolidator Harwood WM has eight more acquisitions in its sights

£4m war chest

Consolidator Harwood Wealth Management is showing no signs of slowing its march down the acquisition trail after earmarking more than £4m for further acquisitions.

Since its inception 14 years ago, Harwood has acquired some 70 businesses - with nine acquisitions in the last 12 months, including IFA firms Fund Management and Plan65 - and the consolidator has no intention of stopping there. The consolidator's annual results, published this morning, showed its assets under influence and assets under management up 26% and 42% respectively in 12 months. Harwood told Professional Adviser it currently had eight firms in its sights at various stages of the acquisition process. The firm ended the year with a cash balance of £13.6m - £4.2m of which has be...