Harwood Wealth Management acquires Castleton Financial Planning

Harwood Wealth Management Group said it had exchanged contracts to purchase the trade of independent financial advisory firm Castleton Financial Planning for an expected £1.6m.

The sum was payable 50% on completion, expected in Apirl, and a further two instalments of 25% and 25%, due on the first and second anniversaries of completion, contingent upon results.

'The acquisition of Castleton is our second this financial year, and in line with our strategy has a strong cultural fit to the group,' chairman Peter Mann said.

'It is very pleasing to have started 2019 with the purchase of two quality businesses, and we continue to see a healthy pipeline of opportunities available to us.'

At 1:26pm: (LON:HW.) Harwood Wealth Management Group Plc share price was 0p at 139p