Lumin Wealth buys Dorset adviser



St Albans Chartered Monetary Planner agency Lumin Wealth has acquired Dorset-based mortgage adviser Davidson Deem for an undisclosed quantity.

Lumin Wealth is a monetary recommendation and discretionary fund supervisor agency primarily based in St Albans and London.

The agency specialises in investments, pensions, inheritance and tax planning, in addition to monetary safety and mortgages.

The Chartered Monetary Planning agency has been busy increasing within the final couple of years, together with merging with the Swiss monetary providers supplier VZ Group in Could 2021 to spice up funding and acquisition exercise within the UK.

With this newest acquisition, Lumin now has greater than 80 staff together with monetary advisers and assist workers, serving over 3,000 purchasers with greater than £1bn in belongings underneath administration.

Lumin acquired South East monetary adviser Ashridge Monetary Administration in June 2022 and Hertfordshire-based monetary adviser Improve Wealth Administration in March 2022. It acquired Hertfordshire IFA agency Chamberlain Stean and West in 2021 and London Monetary Planner Everett MacLeod in 2020.

Lumin was based in 2010 by Martin Cotter and John Cusins.

Led by administrators Peter Stokes and Brian Keane, Davidson Deem has secured mortgages since 1989. 

Mr Stokes stated: “Over the previous 12 months, now we have rigorously ensured this transition is seamless for our purchasers. Not solely will they proceed to have entry to our mortgage providers however they will additionally profit from Lumin’s full vary of economic options, which spans all the pieces from pensions and investments to retirement planning and safety.”

Davidson Deem was suggested by KBS Company and its affiliate director Matthew Sibley.

Mr Sibley stated: “Lumin has recognized Davidson Deem as the best platform from which to construct its personal mortgage community. Peter and Brian have constructed a fantastic enterprise with robust financials and a big consumer base.”

 

 




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