Harwood announces £1.4m double acquisition

Completes third purchase

Harwood Wealth Management has confirmed a pair of acquisitions for a combined £1.4m which are expected to be completed in Q4 2019.

Harwood said on Wednesday it had exchanged contracts to purchase Southend-based Goldwyns Wealth Management Limited, and the trade and assets of Andrew Routley Pension Limited, based in Portsmouth. Goldwyns will cost Harwood £800,000 and is expected to complete in October, while the Routley deal is worth £600,000 and will complete in December. Consolidator Harwood WM has eight more acquisitions in its sights Harwood will pay 50% on completion, followed by two instalments of 25% on the first and second anniversaries of completion, contingent on results, it said. Harwood also said ...