BpH Wealth and Jane Smith Financial Planning join AAB Wealth
- Simon Bourke
- May 21
- 3 min read
Updated: 2 days ago
21st May 2026
Deal summary
AAB Wealth has acquired two financial planning firms: BpH Wealth Management, based in Harpenden, Hertfordshire, and Jane Smith Financial Planning, based in Olney, Buckinghamshire.
The transactions take AAB Wealth to £2.5bn in assets under advice and more than 130 professionals across the UK. AAB Wealth said the acquisitions form part of its strategy to acquire client-focused advisory businesses with a shared emphasis on long-term growth, technical expertise and client service.
About AAB Wealth
AAB Wealth is the financial planning division of AAB, a professional services group founded in Aberdeen in 1990 and now operating across the UK and Ireland. Since securing private equity backing from August Equity in 2021, AAB has trebled in size and now employs more than 1,000 people across its wider business. AAB Wealth has completed seven acquisitions since 2023 and holds a VouchedFor Client Communication Award for 2026, having previously been named PFS Financial Planning Firm of the Year.
About BpH Wealth Management
BpH Wealth Management was founded in Hertfordshire in 1984 by Michael Freedman and employs more than 20 people. The firm is headquartered in Harpenden and has built its practice around client-centred advice across more than four decades. Simon Brown, partner at BpH, described AAB Wealth's track record of integrations as a key factor in the decision to join the group.
About Jane Smith Financial Planning
Jane Smith Financial Planning was founded in Buckinghamshire in 1994 by Jane Smith and employs five people. The firm is now led by her daughter, Nicola Watts, a Certified Financial Planner based in Olney. Jane Smith Financial Planning holds Accredited Financial Planning firm status, a designation shared by AAB Wealth, and Watts cited cultural alignment and a shared commitment to financial planning as central to the firm's decision.
Why is AAB Wealth acquiring BpH Wealth Management and Jane Smith Financial Planning?
AAB Wealth has framed the acquisitions around scale, cultural alignment and client service, with Andrew Dines, Head of AAB Wealth, saying the firms bring “deep expertise” and a shared ambition to deliver client outcomes through AAB Wealth’s sustainable investment philosophy.
What happens next?
BpH Wealth Management and Jane Smith Financial Planning will rebrand to AAB Wealth following regulatory approval of the deals. AAB Wealth said further growth initiatives are expected as it continues its expansion plans.
AAB Wealth's other recent acquisitions
Integrity Financial Management – September 2025
AAB acquired Integrity Financial Management, a South East financial planning firm founded by Glenn Brophy in 2004. The transaction was AAB Wealth’s fourth in 15 months.
Magus Wealth – April 2025
AAB Wealth acquired Magus Wealth, a London and South East financial planning firm established in 1998. The deal added £650m in assets under advice and took AAB Wealth’s assets under advice to £1.8bn.
WealthFlow – September 2024
AAB Wealth acquired WealthFlow, an Edinburgh-based specialist financial planning firm. The transaction took AAB Wealth beyond £1bn in assets under advice and added expertise in financial planning for clients with medical negligence and injury settlements.
FAQs
How many acquisitions has AAB Wealth done?
AAB Wealth has now completed seven acquisitions since January 2023, including BpH Wealth Management and Jane Smith Financial Planning.
Where is AAB Wealth based?
AAB Wealth is part of AAB, which is headquartered in Aberdeen. The wealth division now operates across UK, with teams in London, Edinburgh, Glasgow and across the South of England following recent acquisitions.
What type of firms does AAB Wealth acquire?
AAB Wealth focuses on chartered or accredited financial planning firms with strong client relationships and alignment with its evidence-based, client-centred investment philosophy.
What is AAB Wealth’s AUA?
AAB Wealth now has £2.5bn in assets under advice.
How many employees does AAB Wealth have?
After these acquisitions the expanded AAB Wealth team will have more than 130 professionals across the UK.
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