Coniston Capital has acquired a minority stake in MWA Financial to support the firm’s expansion strategy and enhance its acquisition capabilities.

Target Information

MWA Financial (MWA), an independently owned financial advisory firm based in London, has been making strides in the UK financial services sector since its inception in 2016. Founded by Campbell Banks, MWA aims to replicate the holistic financial advice model commonly found in Australia, building on Banks' extensive experience in developing financial advice networks. Under his leadership, the company has successfully completed five acquisitions over the past two years and has three additional acquisitions in progress. MWA anticipates surpassing £1 billion in assets under administration (AUA) by the summer of 2024, focusing its growth efforts in the North West of England.

The firm operates multiple offices across the UK, including locations in Hertfordshire, Hampshire, Essex, Oxfordshire, Cornwall, and the Scottish Borders. MWA's strategy emphasizes integrating high-quality independent financial advisors (IFAs) into its network, providing them with tailored succession plans and flexible deal structures to ensure successful transitions.

Industry Overview in the UK

The UK financial advisory market is undergoing significant transformation, driven by changing consumer preferences and regulatory initiatives that promote transparency and accountability. With the growing demand for personalized financial advice, businesse