MKC Wealth, the boutique and independent wealth management firm, backed by Cabot Square Capital, has partnered with Sevenoaks-based Chartered Accountants, Samuels LLP to provide independent financial advice to the latter’s clients.
MKC Wealth now provides regulated financial planning services to clients of Samuels, who are mainly based in London and the South East. Until now, clients were offered these services by an in-house adviser who has now retired.
Commenting on the deal, Dominic Rose, CEO of MKC Wealth, said: “We are the preferred financial advisory partner for a number of accountancy practices which have chosen to focus on their core business in the face of increasing financial services regulation. This transaction facilitates the continuation of advice and service to Samuel’s clients following the retirement of their in-house adviser, whilst enabling us to be a trusted partner for their future clients’ needs. ”
Sam Narula, Senior and Founding Partner of Samuels LLP, added: “Since 1992 we have a built a significant business organically and have earned a great reputation. With our in-house IFA approaching retirement, I was determined to make sure our clients continued to receive the best possible advice. Our initial search proved fruitless as I found the sausage factory approach of the people who wished to acquire our IFA clients business very disappointing.”
“I considered MKC’s approach refreshing. Their ethos matched our own. Tightening regulation and compliance makes it imperative that the services offered to our clients must be of the highest professional standards and that is why we were keen to partner with MKC Wealth.”.
10 November 2022