AAB Wealth has acquired London-based Magus Wealth, increasing its Assets under Advice to £1.8 billion and marking a strategic expansion into the South-east market.

Target Company Information

AAB Wealth, an award-winning chartered financial planning team, has successfully executed its strategic growth plan through the acquisition of Magus Wealth, a renowned financial planning firm based in London. This acquisition elevates AAB Wealth’s Assets under Advice (AuA) to £1.8 billion, marking an increase of £650 million. Established in 1998, Magus Wealth boasts over 25 years of experience in the industry and has cultivated a substantial client base, making it an ideal partner for AAB Wealth's expansion efforts.

The acquisition of Magus Wealth marks AAB's inaugural foray into the London market, reflecting a strategic intent to strengthen its presence in the South-east. With headquarters located near Gatwick and an office within the City of London, Magus Wealth aligns seamlessly with AAB Wealth’s commitment to personalized financial planning and client service.

Industry Overview

The financial planning industry in the UK continues to evolve, characterized by increasing demand for personalized wealth management services. As individuals seek to navigate complex financial landscapes, th