Two London IFAs sell to Bowmore bringing AUA to £650m
3 June 2026
Deal summary
Bowmore Wealth Group has completed the acquisitions of two London-based financial advice firms: DWA Protector Limited and Rogate Capital Limited. The transactions add a combined £135m in assets under advice, taking Bowmore's total assets under advice to approximately £650m.
Chapters Capital is pleased to have advised Richard Powell on the sale of Rogate Capital Limited to Bowmore Wealth Group.
Bowmore said both acquisitions form part of a selective growth strategy focused on firms that share its client-first culture, and that the deals strengthen its presence in London and along the eastern end of the M4 corridor.
About Bowmore Wealth Group
Bowmore Wealth Group is an independently owned wealth management business, with offices in London and Bristol. The group operates through two subsidiaries: Bowmore Financial Planning, a chartered financial planner for private clients, trustees and corporates, and Bowmore Asset Management, a discretionary fund manager. Led by CEO Mark Incledon since its formation in 2020, the group has grown through a combination of selective acquisitions and organic growth.
About Rogate Capital and DWA Protector
Rogate Capital is a London-based independent financial adviser advising individuals and families on investment and retirement planning. As part of the transaction, client manager Daniel Easton will join Bowmore Financial Planning to support continuity of service for Rogate clients.
DWA Protector is a London-based financial advice firm led by director Phil Povey. Phil Povey said Bowmore’s culture and client-focused approach made it a natural fit for his clients as he moves into retirement.
What happens next?
Both transactions have now completed. Daniel Easton joins Bowmore Financial Planning as part of the Rogate Capital deal to support a smooth transition for clients. Bowmore has confirmed that clients of both firms gain access to its integrated offering, which includes chartered financial planning and discretionary investment management services.
What was Chapters Capital's role?
Chapters Capital advised Richard Powell on the sale of Rogate Capital to Bowmore Wealth Group, supporting him through positioning the firm, engaging with potential acquirers, and the negotiation of key commercial terms through to completion.
Richard Powell, founder of Rogate Capital Limited, said: "Finding the right long-term home for our clients was incredibly important to us. Bowmore stood out because of its strong reputation for quality services and its genuine focus on client outcomes. I'm confident our clients will continue to receive an excellent level of personal service and expert financial guidance as part of the Bowmore group."
Bowmore Wealth Group's other recent acquisitions
Independent Financial Strategies - May 2024
Bowmore acquired North Oxfordshire-based Independent Financial Strategies, a HNW-focused financial planning practice led by Charles Cozens and Kate Wythe, both of whom remained with the business following completion. The deal added £50m in assets under advice to Bowmore Financial Planning, taking the group's total AUA to above £400m.
Considering your next chapter?
At Chapters Capital, we specialise in financial planning and wealth management M&A.
If you own an IFA, financial planning or wealth management firm, we can help you understand the options available to you, from pre-sale planning and selling your firm to retire, through to sell and stay structures and partnership programmes.
For a confidential conversation about valuation, buyer fit or your route to market, contact our team.
