Clifton Wealth Partnership Adds £146m AUM with Bristol and Yorkshire Acquisitions
- Simon Bourke
- Sep 3
- 2 min read
3rd September 2025
Clifton Wealth Partnership has expanded its presence by acquiring two financial planning firms, which adds £146m in assets under management and strengthens its operations in both Yorkshire and Bristol.
The firms acquired, Grovebridge Financial in Bingley and Clifton Business Consultancy in Bristol, bring with them decades of client relationships and trusted advice. CWP emphasised that it had collaborated with both businesses for over ten months to ensure a smooth transition before officially completing the acquisitions.
At Grovebridge, co-founder Paul Smith will continue to lead the firm, while fellow director Hilary Stephenson will retire. CWP highlighted the cultural alignment and client-first approach of Grovebridge as key reasons for the acquisition. In Bristol, director Bob Thomas will remain with Clifton Business Consultancy, and retiring co-founder Michael Lloyd described the transition to CWP as the best way to ensure continuity for long-standing clients.
CWP, which is backed by private equity, now manages approximately £2.5bn for 12,000 clients across the UK. This year alone, the firm has completed multiple acquisitions, including seven earlier deals in March that added £500m in AUM and 25 new team members. Managing Director Anthony Carty noted that the firm’s “forward-thinking use of technology” and strong focus on integration were essential in reassuring sellers that their clients and teams would be well-supported in the long term.
At Chapters Capital, we specialise in financial planning and wealth management M&A and understand the importance of strategic acquisitions for growth. Whether you are considering a sale, merger, or expansion or want to learn more about buyers in the space, please contact one of our professional associates today for a confidential, no-obligation consultation.
To stay updated with all the relevant news in one place, sign up for our fortnightly newsletter, The Foreword.
