The Private Office makes second London acquisition

The Private Office makes second London acquisition
(L-R) SRLV Financial LLP financial adviser, Chris Reed; TPO chief executive officer, Stuart Phillips and SRLV Financial LLP, financial adviser, Claire Menni

Leeds financial advice and wealth management company, The Private Office (TPO), has acquired a second London-based financial firm.

TPO, which also has offices in London and Bath, has acquired the wealth management division of SRLV Accountants, SRLV Financial LLP, in Mayfair, in a cash purchase.

SRLV Financial LLP has six staff and has provided independent wealth management advice to SRLV Accountants’ personal and corporate clients, mainly in the music, media, entertainment, hospitality and corporate sectors, since 2006.

The newly-combined business has an annual turnover of more than £12 million and plans to grow to a £50 million plus firm in the next five-ten years.

The acquisition follows TPO buying PQR Financial Planning in 2016, which had 23 staff, including 11 advisers and four directors, and £250 million funds under management, in a cash and equity deal, to create what was then a joint £8.5 million business.

“The SRLV Financial LLP deal strengthens our London presence and creates a platform for further growth,” said TPO Chief Executive Stuart Phillips.

“There is considerable expertise at TPO and SRLV Financial and we are excited by the increased capacity to jointly deliver an exemplary service and the opportunity to grow the relationship with SRLV Accountants, to advise more of its clients.

“Our immediate plan is to grow TPO organically through the quality of our wealth management advice, but we are open to discussions with independent firms if there is a good fit, professionally and culturally.”

SRLV managing partner, Laurence Finger, added: “We believe that SRLV Financial, as part of TPO, offers our clients the best possible range of services and expertise in the market today.

“We are very much looking forward to working with TPO in the months and years to come, and are confident that SRLV Financial will continue to provide a seamless, value-added financial planning service to complement our accountancy, business advisory and tax services.”

The SRLV Financial team has already moved into TPO’s London office in Carter Lane, and will continue to work closely with SRLV Accountants and use its Mayfair offices for client meetings.