Howes Percival advises Mazars Financial Planning on acquisition
15th February, 2018
Howes Percival has advised Mazars Financial Planning (MFP) on the acquisition of chartered financial planning firm RCL Consultancy Limited from The Embark Group.
The acquisition strengthens MFP’s offering to its private clients and sees the transfer of a portfolio of high net worth and affluent clients with assets of approximately £300m, taking Mazars over £1billion of assets under management.
MFP provides impartial, tailored financial planning advice and wealth management to individuals, business owner-managers and trustees (private and charitable). It has a range of financial planning services from financial health checks to advice about investments, pensions, tax planning and employee benefits, as well as managing client funds on a discretionary basis.
Howes Percival also acted for Mazars in relation to a joint venture partnership with The Embark Group which included the sale of 51% of its shares in Vested Employee Benefits (formerly Mazars Employee Benefits Limited) to The Embark Group.
Phil Verity, Senior Partner at Mazars UK LLP, commented:
“The combination of these transactions continues our rapid growth in the UK Financial Planning market, a core sector for Mazars in the UK and through Vested we will retain our engagement in the EBC market in a collaboration that greatly increases our chance of material success. Embark and Mazars are a natural fit. We both have a strong focus on our clients, our people, and on delivering innovative, high value solutions to the market.”